Hi everyone!
Can you advise me if the below are correct documents when submitting financial evidence?
- We are submitting a W2 as proof of employment (Which was received Jan 30th 2020)
- We will also submit the most recent Tax Transcript that will be filed next week (Based on the W2 above) which would be 2019's Tax Transcript.
I read the below on their website and I wanted to make sure we were interrupting it correctly and I also read somewhere that we need the most recent 3 year Transcripts. Is that correct?
How to Show Proof of Income
Petitioners must submit a federal tax transcript from the most recent tax year as proof of income. Alternatively, they may submit a copy of a tax return from the most recent tax year. They must do this even if there is a joint sponsor or household member income being used to meet the Federal Poverty Guidelines. The only exception is if the petitioner was legally exempt from filing federal income taxes, in which case he or she must submit a statement indicating why they were exempt from filing. Please submit an IRS tax transcript; you can find information on getting a tax transcript on the IRS s website.
Do all Financial Sponsors Have to Submit a Form W2
A Form W-2 Wage and Tax Statement is provided to employees each tax year by employers in the United States, and shows the amount of money earned by an employee. Sponsors who submit an IRS tax transcript must submit a Form W-2 only if they filed taxes under the "married filing jointly" category and if they were issued a W-2. Sponsors who claim to meet the Poverty Guidelines based solely on income earned at work and who submit a tax return (Form-1040) not an IRS tax transcript as proof of income must also submit that year s Form W-2, if he or she was issued one.
We are just making sure we get this correct thats all. Thank you for your help!