Affidavit of Support for self employed - K1 Visa

[wasp8898 58]

Hello,

 

This might have been asked before but want to make sure what to do best for our situation.

My fiance is self-employed and have made a constant income (above poverty) but fell a couple of years behind in taxes. He is in the middle of settling back taxes and have recently filed all his returns that were behind with large payments. He filed an extension for his 2018 return but should have that completed before the interview (we plan to schedule an interview by the first week of May). He will still owe some back taxes at the time of the interview but with all his returns filed and significant payments towards what is owed. 

Please correct me if I  am wrong, but we can't possibly get a tax transcript with his situation before our planned interview, right? Will the filed tax return suffice for the interview? 

Thank you for the insight!

[Hank_ 9,174]

If the past tax returns have been filed and accepted by the IRS you should be able to get a tax transcript once the IRS has completed processing on their end.    Will the transcripts be available by interview time?  Danged if I know, too many unknowns.

 

K-1 only needs copy of the tax return, transcripts aren't required.    2017 will be your fiance's most recent tax return until the 2018 tax return has been completed.  I do suggest to include a copy of the extension documents for 2018 return.

[Greenbaum 12,259]

Like @hank_ states transcripts aren't required for interview at USEM but to cut down on the size of the paperwork for the 1040 it's recommend you use the Tax Transcript. BUT, either are ok.

[wasp8898 58]

17 hours ago, Hank_ said:

If the past tax returns have been filed and accepted by the IRS you should be able to get a tax transcript once the IRS has completed processing on their end.    Will the transcripts be available by interview time?  Danged if I know, too many unknowns.

 

K-1 only needs copy of the tax return, transcripts aren't required.    2017 will be your fiance's most recent tax return until the 2018 tax return has been completed.  I do suggest to include a copy of the extension documents for 2018 return.

I understand that the tax transcript is an unknown variable right now, so we will just provide tax returns and hope to God that would be enough.

11 hours ago, Greenbaum said:

Like @hank_ states transcripts aren't required for interview at USEM but to cut down on the size of the paperwork for the 1040 it's recommend you use the Tax Transcript. BUT, either are ok.

Thank you so much for the insight as always!