I-134 Co-sponsor question

[NealandCari 0]

I just graduated from college last year, then spent 6 months working in London, and thus have not made enough back here in the States to show I can support my fiance. I have decided to have my dad co-sponsor. Here's my question:

My dad is self-employed, owning a business, but he does not make most of his money from his business but rather investments and property. Should he still include his tax returns? The issue is that they vary widely from year to year. In 2005, his adjusted income from his business was only just over $4000 because of various changes he was making. In 2004, however, it was over $200,000, and 2006 it should be around $20,000. Will the return for 2005 raise too many red flags?

He is already prepared to show he has about $1.2 million worth of property, with about $300,000 of that owed in mortgages, and has a life insurance policy with a cash surrender value of $100,000 or so. He also has a lot of mutual funds and a hefty retirement.

I am just concerned about filling out too much if it's unnecessary, as then we will just have massive amounts of evidence. And I am paranoid about missing some important piece of evidence and screwing everything up!

[Bobbie 1]

I just graduated from college last year, then spent 6 months working in London, and thus have not made enough back here in the States to show I can support my fiance. I have decided to have my dad co-sponsor. Here's my question:

My dad is self-employed, owning a business, but he does not make most of his money from his business but rather investments and property. Should he still include his tax returns? The issue is that they vary widely from year to year. In 2005, his adjusted income from his business was only just over $4000 because of various changes he was making. In 2004, however, it was over $200,000, and 2006 it should be around $20,000. Will the return for 2005 raise too many red flags?

He is already prepared to show he has about $1.2 million worth of property, with about $300,000 of that owed in mortgages, and has a life insurance policy with a cash surrender value of $100,000 or so. He also has a lot of mutual funds and a hefty retirement.

I am just concerned about filling out too much if it's unnecessary, as then we will just have massive amounts of evidence. And I am paranoid about missing some important piece of evidence and screwing everything up!

REREAD the I-134 form. I think it could be the case your father can just submit his bank account info, . Re-read the instructions on the form.

Bobbie

[NealandCari 0]

I have re-read the instructions, but I didn't think you could only submit bank info. It says if you are self-employed you should submit your last income tax return filed, but then people on here have said to submit the last three. I just thought you were supposed to show that you are 125% above the poverty level--will the bank stuff necessarily show that?

[NealandCari 0]

Also, my aunt, who used to work for an immigration lawyer, said that if my dad is self-employed, he will have to submit documents verifying his business, i.e. title of property, business licence, monthly gross receipts tax for the last year, etc. Is this true?

[NealandCari 0]

No one else has any idea?

[NealandCari 0]

Okay, so I asked my dad and he has a Fidelity account with almost $100,000 of accessible cash in it. Can he put 6 months of statements from that as evidence and not even include the income?

[Dakine 26]

I just graduated from college last year, then spent 6 months working in London, and thus have not made enough back here in the States to show I can support my fiance. I have decided to have my dad co-sponsor. Here's my question:

My dad is self-employed, owning a business, but he does not make most of his money from his business but rather investments and property. Should he still include his tax returns? The issue is that they vary widely from year to year. In 2005, his adjusted income from his business was only just over $4000 because of various changes he was making. In 2004, however, it was over $200,000, and 2006 it should be around $20,000. Will the return for 2005 raise too many red flags?

He is already prepared to show he has about $1.2 million worth of property, with about $300,000 of that owed in mortgages, and has a life insurance policy with a cash surrender value of $100,000 or so. He also has a lot of mutual funds and a hefty retirement.

I am just concerned about filling out too much if it's unnecessary, as then we will just have massive amounts of evidence. And I am paranoid about missing some important piece of evidence and screwing everything up!

The ideal situation is for him to show enough money to required to support the number of people he will be supporting on his 2006 ITR.

USCIS is only requiring the most recent tax year for the interview[ At least in Manila].

However they often require the last 3 years [especially if self employed] for adjusting status.

Best to get tax transcripts for proof if he doesn't have 1099s.

Anyone can fill out a fake self employed ITR and use it at the interview without filling to IRS.

You can also check on the Commercial rating requirement. That may help.

Cash on hand is good also.

Properties and Life insurance owned aren't that big of plus as USCIS knows most people won't sell their house or policies just to feed you and your wife.

Edited June 17, 2007 by beckypua