Transfer again??

[JoJoJoJo 170]

We are using assets (cash) as financial evidence for AOS after K1. The USC fiance has no income so we need to use assets as financial evidence.

 

The assets were in foreign fiance's foreign bank and the consular officer was  happy about it when applied for K1.

 

Right before POE, the cash was wired to USC fiance's bank in the US. (The foreign fiance also has a US bank account but was not sure if it was still active.)

 

Now we confirmed that the foreign fiance's US bank still works, should we transfer the cash to the foreign fiance's US bank for AOS?

 

If not, would we have to explain to USCIS/IRS why suddenly the USC fiance's bank account got a lot of cash (since the USC fiance did not have income)?

 

Thanks!!!

[MeAlone 161]

15 minutes ago, JoJoJoJo said:

We are using assets (cash) as financial evidence for AOS after K1. The USC fiance has no income so we need to use assets as financial evidence.

 

The assets were in foreign fiance's foreign bank and the consular officer was  happy about it when applied for K1.

 

Right before POE, the cash was wired to USC fiance's bank in the US. (The foreign fiance also has a US bank account but was not sure if it was still active.)

 

Now we confirmed that the foreign fiance's US bank still works, should we transfer the cash to the foreign fiance's US bank for AOS?

 

If not, would we have to explain to USCIS/IRS why suddenly the USC fiance's bank account got a lot of cash (since the USC fiance did not have income)?

 

Thanks!!!

USC fiance will need to explain big cash to IRS and taxes. AOS affidavit of support is based on USC account, income or his cosponsor, the foreign fiance account doesn't qualify for the AOS affidavit of support. If there is trust, keep it wit USC as evidence for the AOS affidavit, later explaining to IRS the big money and keeping the transfer documents showing it came from abroad, no taxable

[mallafri76 1,012]

First off, if you transferred more than $10,000, remember to report it to FINCEN next year. You might also get a form from the bank to fill out already now.

 

Second, the money is fine in your account. Just make sure to include evidence of the money being in the foreign fiance’s account and the wire transfer. You might also want to look into adding your fiancé’s name to the bank account.

[MeAlone 161]

12 hours ago, mallafri76 said:

First off, if you transferred more than $10,000, remember to report it to FINCEN next year. You might also get a form from the bank to fill out already now.

 

Second, the money is fine in your account. Just make sure to include evidence of the money being in the foreign fiance’s account and the wire transfer. You might also want to look into adding your fiancé’s name to the bank account.

Correct