Joint accounts

[robert]

Today I was finishing my financial documents and a question has arisen. My son is my entire family so everything I own is in both of our names. ie: vehicles, properties and bank accounts. Reason should I unexpectedly depart inheritence is avoided and everything is automaticly his. My notarized statement from the bank officer showing my accounts, deposits and balances are in mine and my sons name. Could this be a problem at interview? My last three years tax returns, business and personal, my name only show 6 figure income. Any complications here?.......Rob

[dnoblett]

If this is in reference to affidavits of support (I-134 and/or I-864)

 

If you have a 6 figure income, no need to show assets on the affidavit of support documents, I-134, and/or I-864.

 

My income on stated on my tax returns was way more than 125% poverty line so I did not bother with assets so did not list them. Less for the consulate officer to ask about.

 

In our case this what the I-134 included.

• I-134 signed and notarized.
  
• Tax transcripts from the IRS for past 3 years, (Redundant for the (1040,W2,1099) but are free from the IRS
  
• Photo copy of IRS form 1040, and W2s for past 3 years
  
• Letter from my employer stating annual salary, job responsibility, and that is full time, on company letterhead.
  
• Photo copies of past 6 months pay stubs up to a few weeks before the interview.
  

Keep this simple, don't give the consular officer anything else to ask questions about, or get an RFE from USCIS asking for evidence to prove the numbers on the form.

[robert]

I was told to furnish a notarized statement from a bank officer showing my bank accounts, date they were opened, total deposits for the past year and the current balance. For reasons previously stated I have my sons name on my accounts, so the statement has both our names as the owners of the accounts. Could this cause an unforseen problem at interview? My tax returns, business and personal are soley my name.

[Randy W]

I was told to furnish a notarized statement from a bank officer showing my bank accounts, date they were opened, total deposits for the past year and the current balance. For reasons previously stated I have my sons name on my accounts, so the statement has both our names as the owners of the accounts. Could this cause an unforseen problem at interview? My tax returns, business and personal are soley my name.

 

 

That might be a question for a lawyer, but assuming that only 1 signature is required on your account, I wouldn't think it would be a problem. Like Dan says, you are in over-kill, so I don't think it would catch anyone's eye.

[warpedbored]

You only need to show you are 125% of the federal poverty guidelines. Tax transcripts showing your gross income is all that is required if you meet that criteria. You only need to list assets if your income isn't high enough.

[dnoblett]

You only need to show you are 125% of the federal poverty guidelines. Tax transcripts showing your gross income is all that is required if you meet that criteria. You only need to list assets if your income isn't high enough.

Correct a 6 figure income exceeds the poverty line by a factor of 10, you don't need the bank letter, it is overkill. The consulate treats the I-134 like the I-864 and applies the same evidence rules to it as the I-864, they are 1) IRS data, 2) letter from employer, and 3) pay stubs.

 

With this form keep it simple.

[Randy W]

Slow down, people. The question has to do with his son. Would his son need to co-sign since all assets (including the bank account) are in two names?

 

My tax returns, business and personal are soley my name.

 

Should he NOT include the letter from the bank, since it has both names on it, and this moght be a complicating factor?

 

I guess the W-2's and tax returns should do it since it's enough and does not indicate any joint ownership.

Edited May 10, 2007 by Randy W (see edit history)

[dnoblett]

Slow down, people. The question has to do with his son. Would his son need to co-sign since all assets (including the bank account) are in two names?

 

My tax returns, business and personal are soley my name.

 

Should he NOT include the letter from the bank, since it has both names on it, and this moght be a complicating factor?

 

I guess the W-2's and tax returns should do it since it's enough and does not indicate any joint ownership.

That is what I am saying he need NOT include a letter from the bank, it is only needed in cases where income is below 125% of the poverty line, to use the assets to make up the difference. This is what Warpedboard stated also.

 

Robert's income like mine more than met the requirements and that is all the is needed to be listed on the form using the IRS returns.

 

If he is concerned about the joint accounts then it is not a problem because asset data and evidence is not needed on the form because of the high income.

[robert]

Thank you every one for your replies. VERY helpful! Am I nervous? YEP! Interview 2 weeks from today...Thanks again....Rob

[Stone]

Thank you every one for your replies. VERY helpful! Am I nervous? YEP! Interview 2 weeks from today...Thanks again....Rob

 

If you have six figure AGI on your most recent tax returns, the chance of your SO passing the interview is very very high, from my past observations. You need to show to the Visa Officer the tax returns.

Edited May 10, 2007 by Stone (see edit history)

[yuehan123]

In fact, nobody knows what the VO will ask for. My SO was not asked for tax returns or photos or any other standard kind of proof of relationship other than the Affidavit of Support.

 

So, the question- ...does my son's name on the joint accounts raise a problem in anybody's experience? Doesn't sound like it.

 

So, try not to be nervous or think about pink elephants.