Californian_Oh
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- Jul 16, 2011
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I'm finalizing the details for my residency and could use some help. (And, when completed, I'll post a detailed guide in case it helps others.)
I have the funds. I know most people prove that they have had ar$8000 incoming every month (and a CPA letter affirming it). But I cannot prove that, due to being a freelancer and getting paid mainly in cash (and also having low expenses, so unable to prove that I have spent that much regularly).
What I have done is sent us$26k to a family member and set up a system to prove that the money will be paid to me in us$2k/month, a triangle covering 3 bases:
1. Family member to me: promissory note from the family member to me legally binding them to deposit us$2k/month in my account
2. Family member to bank: letter from the family member to bank instructing the bank set up an account with us$26k and make monthly payments to my account of us$2k/month
3. Bank to me: Provide documentation that the account has been set up with $26k and automatic monthly deposits to me of $2k
My problem is that I lack a bank or CPA letter (though I have the financial documentation for the account paying to me). The bank and my CPA say they cannot write a letter due to their insurance companies considering it a guarantee.
Do I need a letter from the bank or CPA? Or should I be fine as is?
Many thanks for the help
I have the funds. I know most people prove that they have had ar$8000 incoming every month (and a CPA letter affirming it). But I cannot prove that, due to being a freelancer and getting paid mainly in cash (and also having low expenses, so unable to prove that I have spent that much regularly).
What I have done is sent us$26k to a family member and set up a system to prove that the money will be paid to me in us$2k/month, a triangle covering 3 bases:
1. Family member to me: promissory note from the family member to me legally binding them to deposit us$2k/month in my account
2. Family member to bank: letter from the family member to bank instructing the bank set up an account with us$26k and make monthly payments to my account of us$2k/month
3. Bank to me: Provide documentation that the account has been set up with $26k and automatic monthly deposits to me of $2k
My problem is that I lack a bank or CPA letter (though I have the financial documentation for the account paying to me). The bank and my CPA say they cannot write a letter due to their insurance companies considering it a guarantee.
Do I need a letter from the bank or CPA? Or should I be fine as is?
Many thanks for the help