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Guillermo J. Senmartin, Esq.
Guillermo J. Senmartin, Esq., Immigration Lawyer
Category: Immigration Law
Satisfied Customers: 106291
Experience:  10+ years of experience in various aspects of U.S. Immigration Law.
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I am working on I-129. would you let me know what "gross annual

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I am working on I-129. would you let me know what "gross annual income" and "net annual income" mean in item 14 and 15 under part5? Also which year should be applied to these items? thanks
Hello and thank you for using our service. My name isXXXXX and I am a licensed attorney and will try my best to help you. Believe me that I will try my best to give you a solution if one exists, but sometimes the law does not have a good one.


If you are filing out one now to file now, it would be the last reported income, so probably from 2012. The gross annual income of course is the full income of the company before taxes. net annual income is the gross minus taxes paid which leaves the net.



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Customer: replied 3 years ago.

so, The gross annual income of course is the full income of the company before taxes -> Does it mean sales or revenue?


 


 


net annual income is the gross minus taxes paid which leaves the net. -> Does it mean net income (botXXXXX XXXXXne income)? thanks

Gross means everything, all income from all sources. Net income is the botXXXXX XXXXXne income after taxes.
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