Self employed without W2s or 1099s

[Venus2mars 1]

Hello everyone,

 

so i am getting ready to sumbit my AOS with form 1040 to the NVC but becasue i am self employed i don't have any w2s or 1099s  is that going to be a problem ?

[more00 17]

I don’t think so how much income to you have on 1099

[JeanneAdil 6,505]

Then u will need the IRS transcripts to verify your income 

and NVC will look at your actual income / not the business income 

 

if your self employment is with one contractor,  he should have given u a 1099 NEC

if you work completely for your own (multiple jobs)  then the IRS transcripts are needed 

[Venus2mars 1]

I own a small business 

[pushbrk 12,883]

6 hours ago, JeanneAdil said:

Then u will need the IRS transcripts to verify your income 

and NVC will look at your actual income / not the business income 

 

if your self employment is with one contractor,  he should have given u a 1099 NEC

if you work completely for your own (multiple jobs)  then the IRS transcripts are needed 

Huh? NVC and more importantly, the Consular Officer will "look at" everything but the income number used from a personal tax return is the "Total Income" line.  For a small business owner (sole proprietor) that's going to be the income left over after deducting business expenses.

 

This person's "actual income" .....IS...."business income".  Business "income" and business "revenue" are not the same thing.

 

No W2 or 1099 is needed for this kind of business income and a complete tax return will work just fine.  IRS, USCIS, NVC, and Consular Officers tend to believe that if a business owner is willing to pay income tax on their claimed income, that's all the verification needed.  This is especially true if the income from tax returns for the past three years is reasonably consistent.

[JeanneAdil 6,505]

14 minutes ago, pushbrk said:

Huh? NVC and more importantly, the Consular Officer will "look at" everything but the income number used from a personal tax return is the "Total Income" line.  For a small business owner (sole proprietor) that's going to be the income left over after deducting business expenses.

 

This person's "actual income" .....IS...."business income".  Business "income" and business "revenue" are not the same thing.

 

No W2 or 1099 is needed for this kind of business income and a complete tax return will work just fine.  IRS, USCIS, NVC, and Consular Officers tend to believe that if a business owner is willing to pay income tax on their claimed income, that's all the verification needed.  This is especially true if the income from tax returns for the past three years is reasonably consistent.

that's what i said business income is not personal income

[pushbrk 12,883]

5 minutes ago, JeanneAdil said:

that's what i said business income is not personal income

NO, that's not what you said.  In this case, business income IS personal income.  Revenue and income are not the same thing.  Income is Revenue minus expenses.  This person's "actual income" comes from the same line of the tax return, yours does.

Edited February 20, 2022 by pushbrk

[Venus2mars 1]

Thank you, I accutally had my business for less than a year and  my most recent income is $7000 above the requirement but my two previous income are lower than the minimum

Edited February 21, 2022 by jibril2xx

[SalishSea 17,829]

4 hours ago, jibril2xx said:

Thank you, I accutally had my business for less than a year and  my most recent income is $7000 above the requirement but my two previous income are lower than the minimum

You may want to have a joint sponsor lined up, just in case.