I-864 - liquidity of assets
Jan 11th 2017, 6:36 pm
#1
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Thread Starter
Joined: Oct 2007
Posts: 50
I-864 - liquidity of assets
Hi all,
My wife (dual USC/UKC) is currently filling out the I-864 for me (UKC).
We are not likely to be able to include much income on the form, given what income can be counted and what can't. It is likely to be limited to our interest income, which may as well be zero.
Our assets are about 4.5 times the amount required for our family size (a little more than this, but I'm allowing for further falls in the pound). Of this, about 90% is equity in our house, and 10% is in bank accounts. All of these are jointly owned.
Our house is a 3-bed terrace in the south east. My view is that this asset can be liquidated within a year. Is the CO likely to agree? Obviously 4.5 times is comfortably over the requirements, but I don't know if there'd be questions over whether it could be sold.
I can ask my father-in-law to act as a joint sponsor if need be - he makes comfortably over the requirements for his would-be household size - I'm not sure if it's worthwhile doing so.
As for including the tax returns, do we just include the 1040, or all the additional forms too?
Many thanks,
CF
My wife (dual USC/UKC) is currently filling out the I-864 for me (UKC).
We are not likely to be able to include much income on the form, given what income can be counted and what can't. It is likely to be limited to our interest income, which may as well be zero.
Our assets are about 4.5 times the amount required for our family size (a little more than this, but I'm allowing for further falls in the pound). Of this, about 90% is equity in our house, and 10% is in bank accounts. All of these are jointly owned.
Our house is a 3-bed terrace in the south east. My view is that this asset can be liquidated within a year. Is the CO likely to agree? Obviously 4.5 times is comfortably over the requirements, but I don't know if there'd be questions over whether it could be sold.
I can ask my father-in-law to act as a joint sponsor if need be - he makes comfortably over the requirements for his would-be household size - I'm not sure if it's worthwhile doing so.
As for including the tax returns, do we just include the 1040, or all the additional forms too?
Many thanks,
CF
Jan 11th 2017, 6:49 pm
#2
Account Closed
Joined: Aug 2002
Location: Kentucky
Posts: 38,865
Re: I-864 - liquidity of assets
Yes.
Even if sold at a loss, you're likely still well over the requirement.
You must include a copy of everything that was filed with the IRS.
Ian
I don't know if there'd be questions over whether it could be sold.
As for including the tax returns, do we just include the 1040, or all the additional forms too?
Ian
