I-864 Employed and Self-Employed

[kewlginko]

For I-864 #22, can I check a. and b. because this year (2011) I was both employed and self-employed?

For my current individual annual income, #23, should I put what I made being employed (what will be on my 2011 W2) plus what I made being self-employed (what will be on my 2011 1099s) minus my business expenses (hired labor, etc.)?

If I just put what will be on my 2011 W2 and my 1099s, it will look like I made $30,000, but if I factor in the business expenses I'm going to claim on my 2011 taxes, it will show that I actually only made $15,000. What is the best way to go? Is there an official position on this?

I'm also using my husband's income. He's the intending immigrant. Do I put down his income based on what his salary is or what he takes home every month? For instance, his employment agreement states his annual income is $60,000, but he brings home $52,000 because the rest is taken for tax and health insurance. Which amount do I put?

I'm not confused about what to do for the past 3 years - just fill in my numbers from my past 3 tax returns and attach a copy from last year (2010) along with all my self-employment schedules - but, this "current" income thing is tricky.

 

[ananga73]

Put in the GROSS incomes in both cases. You do not need to factor in the expenses or deductions.

For I-864 #22, can I check a. and b. because this year (2011) I was both employed and self-employed?

For my current individual annual income, #23, should I put what I made being employed (what will be on my 2011 W2) plus what I made being self-employed (what will be on my 2011 1099s) minus my business expenses (hired labor, etc.)?

If I just put what will be on my 2011 W2 and my 1099s, it will look like I made $30,000, but if I factor in the business expenses I'm going to claim on my 2011 taxes, it will show that I actually only made $15,000. What is the best way to go? Is there an official position on this?

I'm also using my husband's income. He's the intending immigrant. Do I put down his income based on what his salary is or what he takes home every month? For instance, his employment agreement states his annual income is $60,000, but he brings home $52,000 because the rest is taken for tax and health insurance. Which amount do I put?

I'm not confused about what to do for the past 3 years - just fill in my numbers from my past 3 tax returns and attach a copy from last year (2010) along with all my self-employment schedules - but, this "current" income thing is tricky.

 

[Jackolantern]

Put in the GROSS incomes in both cases. You do not need to factor in the expenses or deductions.

For a self-employed person, business expenses should be deducted when calculating their gross income. For example, if a traveling salesman spends $50K for the year traveling around the country to do his work, and got $70K in commissions, he really made just $20K, not $70K. Failing to subtract the expenses would result in exaggerating the gross income.

I'm also using my husband's income. He's the intending immigrant. Do I put down his income based on what his salary is or what he takes home every month? For instance, his employment agreement states his annual income is $60,000, but he brings home $52,000 because the rest is taken for tax and health insurance. Which amount do I put?

$60,000.

 

[kewlginko]

Thank you! I try to just answer the question using common sense, but these apps don't always follow common sense.

 

[NinaJ]

I'm sorry I'm still trying to figure out if my husband should check both employed and self-employed in Part 6 of the new form which is the same question of this lady. I couldn't seem to find any answer for this case. He has just started a business on the side at the beginning of this year and still employed at his current company. Someone please help!!