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How can YouTubers prove the source of funds for EB-5?

I have a YouTube channel. Google displays ads on my videos and advertisers pay money to Google. Then Google pays me the money generated from the ads. The money from Google goes to my bank personal account. I cannot register my YouTube channel with the government like a conventional business because it does not work that way. I do not have any employment contracts with Google or anything like that. I am from Bangladesh. According to the tax laws of my country, one does not need to pay income tax unless his or her income reaches a certain threshold. I have not met that threshold, so I have not paid taxes for that income and do not have tax records. In my case, what documents do I have to provide to qualify for the EB-5 program?

Answers

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    Bernard P Wolfsdorf

    Immigration Attorney
    Answered on

    You must do exactly what you do by explaining in detail. Provide the evidence where you can, and where there is no documentation, you fill it in with a credible explanation.

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    Marko Issever

    EB-5 Broker Dealer
    Answered on

    USCIS wants to make sure that you are a law-abiding citizen when it comes to reporting your income and paying taxes. As long as you are doing everything your own Bangladesh regulations are requiring you to do, you should be fine. Still, you need to be able to show the path of the funds you are planning to use to invest. If, as you say, Google is paying directly to your bank account, as long as you could get a narrative from your bank as to what those payments are for, you should be in good shape.

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    Salvatore Picataggio

    Immigration Attorney
    Answered on

    How does the money get to you? Direct deposit? A check? Perhaps there is someone at YouTube you can contact who can issue a letter? Maybe your YouTube account page showing you have monetized your content? Also, props to you for being able to fund an EB-5 investment with YouTube dollars. Very impressive!

  • Avatar

    Lynne Feldman

    Immigration Attorney
    Answered on

    Usually tax returns and business documents will do it. Have an accountant do a P and L statement.

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    Julia Roussinova

    Immigration Attorney
    Answered on

    You should be able to document earnings through a YouTube channel in the form of bank statements evidencing direct deposits from Google and possibly Forms 1099 from Google for the years during which you have accumulated EB-5 funds. Screenshots of your ownership of the Google account should also be produced. If your local tax laws do not require filings of income tax returns, you should be able to obtain a locally licensed tax attorney's or accountant's written opinion describing why are you are not required to file income tax returns as supported by relevant excerpts from the local tax code articles. Please hire an experienced EB-5 attorney in the U.S. who can work with you to competently prepare your source of funds documentation and I-526 petition.

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    Stephen Berman

    Immigration Attorney
    Answered on

    Your bank records may suffice to show the source of funds.

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    Mitch Wexler

    Immigration Attorney
    Answered on

    It is interesting that you earned enough to invest pursuant to the EB-5 program but not enough to trigger the tax-paying requirement in Bangladesh. As long as you can prove the funds were lawfully earned and can trace the path of those funds from earning into the escrow account for the project you select, assuming you go with a regional center-sponsored project, it should be fine.

  • Avatar

    A Olusanjo Omoniyi

    Immigration Attorney
    Answered on

    The facts relating to your web/mobile business should dictate the documents you need to produce. As part of your facts show, neither business registration nor payment of income tax is required unless you reach certain threshold. Thus, the documents you may be able to produce in an e-commerce circumstance like yours are records of your revenue earned from Google and records of any associated expenses. As a result, you should consider all revenue and banking transaction records showing how much was earned, when and how much was deposited, particularly if there were payments of administrative and other expenses. Advisably, consider consulting with an accountant just as well as an EB-5 attorney in putting the records together.

  • Avatar

    Hassan Elkhalil

    Immigration Attorney
    Answered on

    You need to show that you are receiving the direct deposit from Google. Provide bank statements. If you do not have 1099 from Google, ask Google to send you summary of payments for the last few years. There are many ways to document the sources of the funds. You shall work closely with your immigration attorney to document the sources of the funds.

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