I-864 Joint Sponsor Tax Return

[kaifloresk 0]

Hello! we recently had our I130 approved and are preparing the documents for the NVC stage. I recently got a job, so my current tax records show that I am below the poverty line even though my new job makes above the poverty line. I was planning on getting my parents to be our joint-sponsor, but recently found out that they delayed their tax filing for October. Would providing their W2's for 2024 and tax returns (1040's) for 2023 & 2022 as well as maybe a document that showed that they postponed their tax filing be sufficient? Thanks for the help!

[pushbrk 13,370]

28 minutes ago, kaifloresk said:

Hello! we recently had our I130 approved and are preparing the documents for the NVC stage. I recently got a job, so my current tax records show that I am below the poverty line even though my new job makes above the poverty line. I was planning on getting my parents to be our joint-sponsor, but recently found out that they delayed their tax filing for October. Would providing their W2's for 2024 and tax returns (1040's) for 2023 & 2022 as well as maybe a document that showed that they postponed their tax filing be sufficient? Thanks for the help!

Might be sufficient, but the year you sponsor an immigrant is not a good year to file an extension.  That they did so, does not prevent them from filing now though.  Note that your current income would be calculated by taking the gross pay for one pay period times the number of pay periods in a full years.  1k a week is 52k, for example.  That's how YOU state YOUR current income.  It does NOT come from any tax return.  Those are separated sections and answers unless self employed.

[S2N 84]

An extension is not a requirement to file 10/15. It just gives you until 10/15 to file. This is the slow season in the accounting world on both the audit and tax side, so their CPA might be out of office, but if they can give them all the documents and explain it’s urgent it shouldn’t take that long to turn around.

 

We filed an extension in order to apply for an ITIN in-person tomorrow when he’s visiting me in the states. IRS will take your return anytime from late January until 4/15/28 (with penalties that late if you owe.)

[JeanneAdil 6,864]

2 hours ago, S2N said:

An extension is not a requirement to file 10/15. It just gives you until 10/15 to file. This is the slow season in the accounting world on both the audit and tax side, so their CPA might be out of office, but if they can give them all the documents and explain it’s urgent it shouldn’t take that long to turn around.

 

We filed an extension in order to apply for an ITIN in-person tomorrow when he’s visiting me in the states. IRS will take your return anytime from late January until 4/15/28 (with penalties that late if you owe.)

if a person owes , its penalties and interest from the date should have filed (April 15th)

 

In general, we charge interest on underpayments starting on the due date of the amount you owe and will continue to accrue until the balance is paid in full: Tax is due on the return filing date; extensions to file do not extend the date for payment of the tax

[S2N 84]

22 minutes ago, JeanneAdil said:

if a person owes , its penalties and interest from the date should have filed (April 15th)

 

In general, we charge interest on underpayments starting on the due date of the amount you owe and will continue to accrue until the balance is paid in full: Tax is due on the return filing date; extensions to file do not extend the date for payment of the tax

You keep trying to correct me on this as if the IRS quote contradicts what I’ve said.

 

Extensions are extensions of time to file. Not time to pay. It says so on the form. Anyone who files one will see that. Many people need to file them and when you file the form you are required to estimate how much you owe and pay it. There’s really no room for confusion in the process.

 

Regardless. OP’s parents have already filed an extension, and my advice to him was to get them to speed up providing their documents to their CPA so they can file earlier and it’s easier to act as a joint sponsor, which is good advice and has absolutely nothing to do with the fact that an extension of time to file doesn’t relieve someone of their obligation to pay as of 4/15.

Edited yesterday at 02:47 AM by S2N

[JeanneAdil 6,864]

29 minutes ago, S2N said:

You keep trying to correct me on this as if the IRS quote contradicts what I’ve said.

 

Extensions are extensions of time to file. Not time to pay. It says so on the form. Anyone who files one will see that. Many people need to file them and when you file the form you are required to estimate how much you owe and pay it. There’s really no room for confusion in the process.

 

Regardless. OP’s parents have already filed an extension, and my advice to him was to get them to speed up providing their documents to their CPA so they can file earlier and it’s easier to act as a joint sponsor, which is good advice and has absolutely nothing to do with the fact that an extension of time to file doesn’t relieve someone of their obligation to pay as of 4/15.

you pay from date taxes should have been filed april 15th the day they are really due  extensions due not change the day payments are due

 

 

https://www.irs.gov/payments/interest

 

 

If you need more time to file your taxes, request an extension by the April tax filing due date. This gives you until October 15 to file without penalties. Make sure you pay any tax you owe by the April filing date. The extension is only for filing your return.  

 

From the following IRS site

https://www.irs.gov/filing/get-an-extension-to-file-your-tax-return

From IRS site 

 

[S2N 84]

7 minutes ago, JeanneAdil said:

you pay from date taxes should have been filed april 15th the day they are really due  extensions due not change the day payments are due

 

 

https://www.irs.gov/payments/interest

 

 

If you need more time to file your taxes, request an extension by the April tax filing due date. This gives you until October 15 to file without penalties. Make sure you pay any tax you owe by the April filing date. The extension is only for filing your return.  

 

From the following IRS site

https://www.irs.gov/filing/get-an-extension-to-file-your-tax-return

From IRS site 

 

That’s not relevant to what OP is asking.

 

Their parents have already filed an extension. @pushbrk and I have advised them that an extension does not mean they have to wait until 10/15 to file. Their question has nothing to do with the payment rules, which would have already been clearly explained to their parents when they filed their extension.

Edited yesterday at 03:18 AM by S2N

[TBoneTX 46,833]

Participants are asked to stop bickering about extensions.  Restrict replies to the OP's actual question.

 

VJ Moderation

[kaifloresk 0]

Thank you all for the advice. Because of some unrelated family complications, my parents won't be able to file until early June. Ideally, I'd like to submit all the necessary documents as soon as possible rather than waiting 1 month or so until the taxes are filed. This is why I'm debating if submitting I140's for 2022-2023 for my parents and the W2's for 2024 would be sufficient so then we don't have to wait. Would submitting now with the W2's of 2024, and then submitting the 2024 I140 as soon as the taxes are filed be the best approach? or is that a bit of a risk?

Thanks again!

[kaifloresk 0]

16 hours ago, pushbrk said:

Might be sufficient, but the year you sponsor an immigrant is not a good year to file an extension.  That they did so, does not prevent them from filing now though.  Note that your current income would be calculated by taking the gross pay for one pay period times the number of pay periods in a full years.  1k a week is 52k, for example.  That's how YOU state YOUR current income.  It does NOT come from any tax return.  Those are separated sections and answers unless self employed.

Would supplying my work contract as well as some pay stubs for the last 8 months be sufficient? Thanks!

[kaifloresk 0]

30 minutes ago, kaifloresk said:

Thank you all for the advice. Because of some unrelated family complications, my parents won't be able to file until early June. Ideally, I'd like to submit all the necessary documents as soon as possible rather than waiting 1 month or so until the taxes are filed. This is why I'm debating if submitting I140's for 2022-2023 for my parents and the W2's for 2024 would be sufficient so then we don't have to wait. Would submitting now with the W2's of 2024, and then submitting the 2024 I140 as soon as the taxes are filed be the best approach? or is that a bit of a risk?

Thanks again!

Sorry, meant to say 1040 Tax Return Form instead of I140 for this!

[pushbrk 13,370]

9 hours ago, kaifloresk said:

Would supplying my work contract as well as some pay stubs for the last 8 months be sufficient? Thanks!

Contract yes, and just one most recent pay stub.  You are not required to have qualifying income for any of the previous years.  Current income is king here.