To get or not to get a joint sponsor?

[Wuozopo 4,293]

 

For a London interview I would go with the form instructions. It indicates that profit/loss schedule C is needed, which all self-employed have in a tax return. As a self-employed person myself, I could show all kinds of receipts going into my bank account, then turn around and eliminate all that by claiming deductions for my car, software, new computers, home office, advertising, insurance, etc. 
 

If you selected Part 6., Item Number 2. that you are self-employed, you should have completed one of the following forms with your Federal income tax return: Schedule C (Profit or Loss from Business), Schedule D (Capital Gains), Schedule E (Supplemental Income or Loss), or Schedule F (Profit or Loss from Farming). You must include each and every Form 1040 Schedule, if any, that you filed with your Federal income tax return.
 Form I-864 Instructions 03/10/21

 

A self-employed last week sailed through his London interview with

—his 2020 return and a

—joint sponsor proving her separate income and not including her spouse with an I-864a, even thought they file a joint return. 

 

 

[Lazy Monk 1]

@Wuozopo One more question I wanted to ask is that, do I have to put my total annual income numbers in question 24 part B and C for the years 2019 and 2018 or I can leave them blank because they only require income from the most recent tax return? Same question goes for my joint sponsor when he's filling out the form, thanks.

[Wuozopo 4,293]

2 hours ago, Lazy Monk said:

@Wuozopo One more question I wanted to ask is that, do I have to put my total annual income numbers in question 24 part B and C for the years 2019 and 2018 or I can leave them blank because they only require income from the most recent tax return? Same question goes for my joint sponsor when he's filling out the form, thanks.

Yes fill out three years of tax return info in that section. Only one year of the full tax documents (or transcript) are required, but numeric info from three years is requested.
 

 The amounts come straight off the return from the line called total income.  The line isn’t always the same number because 1040 layouts can change each year. For 2020 it’s Line 9.  2019 it’s Line 7b. 2018 is Line 6.  You or your joint sponsor don’t adjust anything here, it is a straight copy from the line on the 1040, even if the joint sponsor filed jointly with a spouse and the number includes that spouses income. 

[Lazy Monk 1]

3 hours ago, Wuozopo said:

Yes fill out three years of tax return info in that section. Only one year of the full tax documents (or transcript) are required, but numeric info from three years is requested.
 

 The amounts come straight off the return from the line called total income.  The line isn’t always the same number because 1040 layouts can change each year. For 2020 it’s Line 9.  2019 it’s Line 7b. 2018 is Line 6.  You or your joint sponsor don’t adjust anything here, it is a straight copy from the line on the 1040, even if the joint sponsor filed jointly with a spouse and the number includes that spouses income. 

Thank you for being that specific. And what should I write in the space where it asks, 'my current individual annual income'? Should I put the number from the 2020 total income since I wont know the actual amount until the end of this year.

[Wuozopo 4,293]

7 hours ago, Lazy Monk said:

Thank you for being that specific. And what should I write in the space where it asks, 'my current individual annual income'? Should I put the number from the 2020 total income since I wont know the actual amount until the end of this year.

“My annual income” question is where people can put current income higher than their tax return if they have a boss to write a letter as proof or pay stubs that show regular normal employee  paychecks to provide as proof of making more currently than last year.
 

In your case as a self-employed “business owner”, your proof has to come from a final tax return. So you have to put what can be proved. Your annual income is Line 9 (total income) of your 2020 Form 1040.

[Lazy Monk 1]

On 5/12/2021 at 9:24 PM, Wuozopo said:

“My annual income” question is where people can put current income higher than their tax return if they have a boss to write a letter as proof or pay stubs that show regular normal employee  paychecks to provide as proof of making more currently than last year.
 

In your case as a self-employed “business owner”, your proof has to come from a final tax return. So you have to put what can be proved. Your annual income is Line 9 (total income) of your 2020 Form 1040.

Thank you sir!