AN URGENT ADVISE

[sajaan 0]

if someone can plz help me out here i sent I-864 for my sister . i am a store owner so i put my store merchandise wroth of $42.000 as an assets in the assets line . i dont know why i did that but i did, and on the self employee letter i wrote that i have $42.ooo worth of menchandise that can be converte in to cash anytime . but now i have just got an email with check list asking for the proof. what should i do now? how can i provide the proof? should i just fill out a new I864 form and dont put those assets. and write a letter stating that i am not going to use those assets . plz reply me with your best advise thank u very much for ur time

[Anh map 2,098]

Does your income (line 22 of your most recent 1040 tax return) satisfy the requirement? If so, then you do not need to include any assets. If you do need to include assets you should follow the instructions on page 8 of the I-864 instructions regarding valuation.

Using business inventory may not be accepted if the adjudicating officer sees this (liquidating inventory) as a considerable hardship.

[sajaan 0]

YES it does meet the requirment, i also had two co-sponsers so everything else went fine but this thing. what can i do now?

[sajaan 0]

what u think the best bet will be fill out a new I864 and leave the assets section blank and just write a letter explaning . what shoul i write

[Anh map 2,098]

Just resubmit without the assets.

[Penguin_ie 5,996]

Do you have an inventory list, or paid invoices you could use to show the value of the assets?

[sajaan 0]

i dont, should i send them a new I864 with out the assets in there. and do i need to write a explaining letter

i might can find some of them but not all of the invoice u think that might will help

[Penguin_ie 5,996]

YES it does meet the requirment, i also had two co-sponsers so everything else went fine but this thing. what can i do now?

For some reason, I didn't see this post when I replied. I would just re-file without assets.

[sajaan 0]

ok i called nvc about the matter twoice and i got two diffrent answers . 1st one said just write down on the checklist that u r not going to use the assets anymore and send the checklist back because the assets i putted is for the merchandise which can not have a same value everyday. ok now 2nd person she said about the samething but she said i have to fill out a new i864 without the assets,but there might be a concern taking out whole $42000. so umm i am kinda confuse here, now dont know what to do just send a new i864 without assets since the assets are the optional. or should i send them some of the invoices that i have?

[sajaan 0]

what should i tell them now if i dont put the assets in there . do i need to write them a letter along with the form or just send the form without any reason and leave the assets area blank .

[Dakine 26]

what should i tell them now if i dont put the assets in there . do i need to write them a letter along with the form or just send the form without any reason and leave the assets area blank .

To me it looks a bit strange you can't prove what your assets are worth. Especially if it's inventory. I'd stick with trying to prove what they are worth. The original I-864 is still going to be in their hands.

By the way. You can't have 2 cosponsors. Why would you use a co sponsor if you meet the income requirement?

Hopefully you have 3 yaers of tax transcripts from IRS showing your self employment income.

Edited September 5, 2010 by Dakine

[sajaan 0]

i am sponsring 7ppl thats why i had to use 2 cosponsers cuz my income was not enough. ok about the i864 when i called nvc thats what they told me that i should just resubmit a new i864. i am still looking for a answer plz put ur input what should i do thanks

[sajaan 0]

yes i do have my 3 years taxes and have some of the invoices

[sajaan 0]

ok one more question can store merchandise be the assets if u r store owner or no

[justashooter 430]

the question of "ownership" has not been addressed. are you a "sole proprietor" with total control over the store and it's assets? can you show ownership of the assets is free and clear of encumbrances? you would need an accountant's report to show actual value of inventory and that it is paid for. then you would need to demonstrate that liquidation would not impair your income (kinda hard to rationalise that).