Financial Documents (2024)

Description

IRS Tax Transcript

NVC strongly recommends the submission of tax transcripts since they typically provide the information necessary for an evaluation of completeness of the Affidavit of Support and result in more efficient processing. Sponsors may submit copies of tax returns but must comply with the file size limits for electronic uploads to CEAC and could be delayed by requests for additional documentation.

If you completed FormI-864,I-864A, orI-864EZsubmit anIRS tax transcriptfrom the most recent tax year, which NVC can process more efficiently than a copy of a tax return. Alternatively, you may submit a complete copy of a filed tax return from the most recent tax year.

If you filed jointly: If you filed taxes under the “married filing jointly” category, you must also submit your Form(s) W-2 or schedules(s) from the most recent tax year.

Extensions: If you filed an extension for the most recent tax year, submit a photocopy of your IRS Form 4868, or write and sign a statement indicating you filed an extension, along with a tax transcript or tax return from the previous year.

If you did not file taxes: If you did not file Federal Income Tax Returns for the most recent tax year, write and sign a statement indicating why you were not required to file taxes.

Evidence of income

If you completed Form I-864,I-864A, orI-864EZand the income reported on this form or your tax transcript reflects income below the poverty guidelines for the year the form was submitted,submit evidence of your income.This can include evidence of current employment or self-employment, recent pay statements, a letter from the employer on business letterhead – showing dates of employment, wages paid, and type of work performed – or other financial data.

  • For those who are unemployed or retired, submit a photocopy of ongoing income from other means, such as:
    • retirement benefits;
    • other household members' income; or
    • other significant assets.

Social Security Administration (SSA) Earnings Statement

If the principal applicantcan be credited with 40 eligible quarters under the Social Security Act, submit Form I-864W andthe applicant’s SSA Earnings Statement showing the coverage.

You can obtain an SSA Earnings Statement online at http://ssa.gov/myaccount. You can also call the Social Security Administration at 1-800-772-1213 for more information.

Proof of Assets

If you submitted Form I-864,I-864Aand you used assets to meet the minimum income requirements, submit a photocopy of proof you own your assets. Proof can take any form as long as it establishes location, ownership, and value of each asset listed, including liens and liabilities for each asset listed.

Proof of relationship

If you completed Form I-864A,submit evidence that proves your relationship to the sponsor (the person who filed Form I-864). You can prove your relationship bysubmitting a photocopy of one of the documents below:

  • Birth certificate;
  • Marriage certificate;
  • Adoption certificate;
  • The petitioner or joint sponsor’s most recent Federal Income Tax Returns, if you are listed as a dependent; or
  • A signed, written statement describing the relationship.

Proof of domicile

If you completed Form I-864,I-864A, orI-864EZand your mailing address and/or place of residence is not in the United States, but your country of domicile is the United States,write an explanation and provide documentary evidence indicating how you meet the domicile requirement. Review our FAQs to learn more about domicile.

Proof of U.S. status

If you completed Form I-864as a joint sponsor, submit proof that you are a U.S. citizen, U.S. national, or Lawful Permanent Resident. You can do this by submitting a photocopy of one of the following documents:

  • Birth certificate showing birth in the United States;
  • U.S. Naturalization Certificate;
  • U.S. passport/passport card;
  • Form I-551 “green card;” or
  • Foreign passport containing Form I-94 with I-551stamp (if you entered the United States by land) or an electronic Form I-94 record (if you entered the United States by air or sea). You can request an electronic Form I-94 record from USCIS online.
Financial Documents (2024)

FAQs

What are the 5 key financial documents? ›

The five key documents include your profit and loss statement, balance sheet, cash-flow statement, tax return, and aging reports.

How do I prove sufficient funds for a US visa? ›

The US authorities typically require bank statements for the previous six months. These statements are crucial as they reflect your financial stability and demonstrate your ability to afford the planned trip.

What is acceptable as proof of funds for I-20? ›

Sponsor's bank or other financial statements. Letter indicating the relationship between you and the sponsor(s), the amount of support and length of support.

How do I show proof of funds on my visa? ›

Funds for your Student visa application
  1. a bank statement.
  2. a bank letter.
  3. a certificate of deposit.
  4. an official financial sponsorship letter.
  5. a loan letter in the correct format.

What are the big 3 financial documents? ›

They are your balance sheet, the cash flow statement and the income and expense statement.

What are the 3 three main financial documents? ›

The income statement, balance sheet, and statement of cash flows are required financial statements. These three statements are informative tools that traders can use to analyze a company's financial strength and provide a quick picture of a company's financial health and underlying value.

How do I show proof of sufficient funds? ›

The proof of funds required can take many forms, including copies of bank statements or a letter from your bank; an affidavit of support from a parent, guardian, or a supporter, accompanied by copies of their bank statements; or evidence of financial aid or scholarships.

How much bank balance is required for a US visa? ›

To demonstrate sufficient funds, you'd ideally have at least 45,000 (1.5 times 30,000) in your bank account for at least 6-9 months before your visa application.

What not to say during a US visa interview? ›

Don'ts During the Visa Interview Process
  • 'Like, Umm, I guess' Try to avoid using conversation fillers such as 'Like', 'Ummmm', or 'I guess' in a sentence when you are responding to a question. ...
  • 'Nervous Nancy' ...
  • 'Do not chant' ...
  • 'Torn documents a strict no n-no' ...
  • 'Being late is not a virtue'
Aug 30, 2024

Is a bank statement enough for proof of funds? ›

Proof of funds usually comes in the form of a bank security or custody statement. These can be procured from your bank or the financial institution that holds your money. Bank statements are the most common document to use as POF and can typically be found online or at a bank branch.

How much funds to show for a US tourist visa? ›

We recommend showing a minimum of $6000-10000$ in your statement. Moreover, the more you can show, it will be of utmost benefit. Also, don't consider keeping the balance in your account before applying for the visa. Such an act will not work if the embassy officer checks your bank statement.

How to explain proof of fund? ›

Proof of funds refers to a document that demonstrates the ability of an individual or entity to pay for a specific transaction. A bank statement, security statement, or custody statement usually qualify as proof of funds. Proof of funds is typically required for a large transaction, such as the purchase of a house.

How do I show proof of funds for a US visa? ›

Accepts forms of financial proof:
  1. Bank account statements translated to English.
  2. Proof of guaranteed loans.
  3. Financial award letters.
  4. Other official documents outlining liquid assets.

What is the sufficient funds for US visa? ›

How much bank balance is required for a US study visa? A. There is no set amount declared by US government for international students, but it is recommended to have minimum USD 18,000 in their accounts. This is because, the US Immigration is assured that the applicant can complete one year of study easily in the US.

What are the 5 major components of the financial statements? ›

The major elements of the financial statements (i.e., assets, liabilities, fund balance/net assets, revenues, expenditures, and expenses) are discussed below, including the proper accounting treatments and disclosure requirements.

What are the 5 types of financial records? ›

The 5 types of financial statements you need to know
  • Income statement. Arguably the most important. ...
  • Cash flow statement. ...
  • Balance sheet. ...
  • Note to Financial Statements. ...
  • Statement of change in equity.

What are the five basic financial statements? ›

3. 5 Types of Financial Statements
  • 3.1. Balance Sheet. The first type of financial report is the balance sheet. ...
  • 3.2. Income Statement. The second type of financial report is the income statement. ...
  • 3.3. Cash Flow Statement. ...
  • 3.4. Statement of Changes in Capital. ...
  • 3.5. Notes to Financial Statements.
Dec 28, 2022

What are the five 5 elements financial statements briefly explain? ›

Elements of a balance sheet are assets, liabilities, and equity. Elements of an income statement are revenue and expenses. And elements of a cash flow statement are operating activities, investing activities and financing activities.

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