Should I Use Assets I-864?

[Kani2015 85]

Hello everyone, I know I just recently posted a topic similar to this but I have a new question... Here's my situation: I'm at the NVC stage for a Cr1 spousal visa. I currently work as a full time RN, I have been working for a little more than 1 year (Started November 2018). My current income is about $80,000, yearly. I was a full time student before graduating in May 2018 and therefore, my income from my tax transcript is very minimal from 2018 because I only worked part time jobs as a student (My tax transcript from 2018 was less than $10,000). 

 

Here are my questions: Although I currently make more than enough for a household of 2 (my husband and I),  but I didn't make enough according to my 2018 tax transcript, can I use assets that are from my checking accounts? I know it has to be 3x the difference I made and the poverty line and that would be equal to about $39,000 I would need in assets. I will have that much in assets by the end of this month. Do I have to have these assets for at least a year? I didn't see anything in the I-864 instructions that state how long you must have these assets in your possession for.  Also, if I were to show 6 months of bank statements, you would see that my total savings increased gradually throughout the year (due to my job) but I won't have the total $39,000 until December bank statement comes out. My next question is, would adding these assets even help my situation? Or would they more likely just complicate my situation?

 

Here are my concerns: I don't want to wait about 2 months to file my taxes for this year (2019) and then wait for my transcripts so that I can submit them to NVC. However, my husband and I are having a difficult time finding a joint sponsor, that is why I'm trying to see if it's possible to show that I have assets. I'm well aware that NVC can't make the decision to approve the visa and it is the CO that looks at all the circumstances but I'm just concerned about getting the note from NVC saying: "You don't meet the income requirements, it will be the CO at the interview who makes the final decision, you may want to add a joint sponsor to avoid delays." Because if I get this notice and I'm unable to find a joint sponsor, would bringing an updated I-864 and my 2019 tax transcript to the interview suffice? Or would they not even look at the new tax information and automatically ask for a joint sponsor? 

 

I'm sorry for so many questions! I'm so confused about what I should do and I overthink things way too much. Thanks for everyone's help!!

 

[SalishSea 17,829]

1 minute ago, Kani2015 said:

Hello everyone, I know I just recently posted a topic similar to this but I have a new question... Here's my situation: I'm at the NVC stage for a Cr1 spousal visa. I currently work as a full time RN, I have been working for a little more than 1 year (Started November 2018). My current income is about $80,000, yearly. I was a full time student before graduating in May 2018 and therefore, my income from my tax transcript is very minimal from 2018 because I only worked part time jobs as a student (My tax transcript from 2018 was less than $10,000). 

 

Here are my questions: Although I currently make more than enough for a household of 2 (my husband and I),  but I didn't make enough according to my 2018 tax transcript, can I use assets that are from my checking accounts? I know it has to be 3x the difference I made and the poverty line and that would be equal to about $39,000 I would need in assets. I will have that much in assets by the end of this month. Do I have to have these assets for at least a year? I didn't see anything in the I-864 instructions that state how long you must have these assets in your possession for.  Also, if I were to show 6 months of bank statements, you would see that my total savings increased gradually throughout the year (due to my job) but I won't have the total $39,000 until December bank statement comes out. My next question is, would adding these assets even help my situation? Or would they more likely just complicate my situation?

 

Here are my concerns: I don't want to wait about 2 months to file my taxes for this year (2019) and then wait for my transcripts so that I can submit them to NVC. However, my husband and I are having a difficult time finding a joint sponsor, that is why I'm trying to see if it's possible to show that I have assets. I'm well aware that NVC can't make the decision to approve the visa and it is the CO that looks at all the circumstances but I'm just concerned about getting the note from NVC saying: "You don't meet the income requirements, it will be the CO at the interview who makes the final decision, you may want to add a joint sponsor to avoid delays." Because if I get this notice and I'm unable to find a joint sponsor, would bringing an updated I-864 and my 2019 tax transcript to the interview suffice? Or would they not even look at the new tax information and automatically ask for a joint sponsor? 

 

I'm sorry for so many questions! I'm so confused about what I should do and I overthink things way too much. Thanks for everyone's help!!

 

Hey fellow RN!  I think you will be fine without a joint sponsor.  Current income (vs past) is the most important.  I would just update the I-864 and supporting documentation.  I did a K-1, so I'm not sure if you can update this by uploading it to the NVC, or if it should only be brought to the consulate interview.

 

Additionally, since they do look at the "totality" of a sponsor's financial situation, RNs are and will continue to be in high demand as the population ages and becomes sicker.  Any RN who wants a job has one.

[Kani2015 85]

1 minute ago, Jorgedig said:

Hey fellow RN!  I think you will be fine without a joint sponsor.  Current income (vs past) is the most important.  I would just update the I-864 and supporting documentation.  I did a K-1, so I'm not sure if you can update this by uploading it to the NVC, or if it should only be brought to the consulate interview.

 

Additionally, since they do look at the "totality" of a sponsor's financial situation, RNs are and will continue to be in high demand as the population ages and becomes sicker.  Any RN who wants a job has one.

Thank you so much for your advice! The logical side of me tells me I'll be ok too but I can't help to think that this whole process isn't logical and that's why I'm worried haha. Do you think I still should add my assets? 

[Crazy Cat 41,846]

Agree with @Jorgedig.  In addition, use of assets normally comes into play when current income is not sufficient.  As was stated above, current income is king.......Good luck from another (retired) RN.

[USS_Voyager 1,972]

14 minutes ago, Jorgedig said:

I think you will be fine without a joint sponsor. 

^^ Same opinion. You will be fine. I don't think you need a joint sponsor. 

 

 

22 minutes ago, Kani2015 said:

that is why I'm trying to see if it's possible to show that I have assets

Not an RN but my wife is one and I swear I've done enough assignments with her that I can be 1/2 an RN...

Edited December 18, 2019 by USS_Voyager

[SalishSea 17,829]

25 minutes ago, USS_Voyager said:

Not an RN but my wife is one and I swear I've done enough assignments with her that I can be 1/2 an RN...

Haha!  It's such a great profession.  20 years in, and I still love the work.

[Kani2015 85]

57 minutes ago, missileman said:

Agree with @Jorgedig.  In addition, use of assets normally comes into play when current income is not sufficient.  As was stated above, current income is king.......Good luck from another (retired) RN.

Ohh I didn't realize it was current income, that answers my question then. Thank you so much!!

[Kani2015 85]

57 minutes ago, USS_Voyager said:

^^ Same opinion. You will be fine. I don't think you need a joint sponsor. 

Ok thank you so much!