johnmbb
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Posts posted by johnmbb
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Hi,
I only have one tax return from the most recent year of about $20,000 in earnings, but I have $45,000 in cash assets. The previous two years I did not have much work or earnings. Would this meet the income requirement for a spouse visa if I am living in Florida, USA and the poverty level for a family of 2 is $19,338? ($65,000 / 3 = $21,667) or do I need more years of earnings? I get confused with how they calculate assets of like 3 times the difference in earnings. -
I am a US citizen and I am trying to get a K-1 visa for my girlfriend in Vietnam. After graduating from college and starting a business this year I don't have any tax returns for the past three years, but I do have $20,000 in my bank account and the business is successful with earnings of more than 125% of the poverty level. I have heard that the Vietnam consulate does not allow co-sponsors for a K-1 and I may have difficulty finding one for a spouse visa. I have not registered a business name or opened a business bank account and was planning to just file taxes on the 1040 form at the end of the tax year, but I have heard that quarterly profit and loss statements and bank statements may be important to show proof of income. Should I pay $100 to register as a business, open a business bank account, and keep detailed records to show the consulate or are personal bank statements and earnings on a 1040 form sufficient?
Thank you
Income and Asset combination acceptable?
in IR-1 / CR-1 Spouse Visa Process & Procedures
Posted
Hi y3ll0w
I believe it is total income that you report on the I-134. line 22, total income, UNLESS you file 1040EZ in which case you use line 37.
florida4life,
Thank you for explaining that. I know about the difference between earnings and poverty times 3, and for 2012 I earned enough, but I am wondering if they will be concerned that I did not work a couple of years out of the past 3 years and $45,000 in assets will make up for that.