221g with substantial assets (merged)

[Larry and Marides 15]

18 minutes ago, Boiler said:

Same subject

Different subject. The new question is:
"Since my 2024 taxable income is now higher do I respond to the 221g with my bank statements showing higher dividend income again for proof of income or do I need to wait for my official 2024 tax transcripts and submit those in response of the 221g?"

 

Edited 7 hours ago by Larry and Marides

[Larry and Marides 15]

48 minutes ago, Boiler said:

Same subject

Same subject? Really?
Oh, I didn’t realize retirement status and taxable income strategies were interchangeable now. I must’ve missed the memo where cash in an IRA became the same as rental income. Maybe I’ll also submit a letter to the consulate asking them to treat apples like oranges while we’re at it.

The two statements present different situations.

Post 1:

• Focus: Primarily on the consular officer's refusal to consider the applicant's assets, specifically cash in a bank account, brokerage account, and IRA.
• Income: Mentions being retired and having income exceeding 125% of the poverty level.
• Sponsorship: Emphasizes that the applicant doesn't need a joint sponsor due to their financial resources.
• Timeline: States the applicant submitted 12 months of bank statements.

Post 2:

• Focus: More on the applicant's 2024 income, particularly dividends and rental income, exceeding the poverty level.
• Income: Highlights the applicant's 2023 taxable income and the expectation of a higher 2024 income.
• Sponsorship: Explicitly mentions the 221g requesting a joint sponsor despite the applicant's assets.
• Timeline: States the applicant submitted 2024 bank statements and a letter explaining their financial situation.
• Uncertainty: Expresses confusion about whether to submit bank statements or tax transcripts in response to the 221g.

Key Differences:

• Income Focus: Statement 1 emphasizes general income exceeding the poverty level, while Statement 2 focuses on specific income sources (dividends, rental income) and their increase in 2024.
• Timeline: Statement 1 mentions 12 months of bank statements, while Statement 2 focuses on 2024 bank statements.
• Specificity: Statement 2 provides more details about the applicant's financial situation, including the amount of assets and specific income figures.
• Uncertainty: Statement 2 specifically addresses the question of whether to submit bank statements or tax transcripts.

In Summary:

Both statements describe situations where the consular officer appears to have overlooked the applicant's financial resources. However, Statement 2 provides more specific information about the applicant's income, assets, and the timeline of events.

 

Edited 6 hours ago by Larry and Marides
Cleaned up post to make it more presentable

[Boiler 46,014]

It is Akko about satisfying the I 864

[Larry and Marides 15]

24 minutes ago, Boiler said:

It is Akko about satisfying the I 864

How would one satisfy the I 864?