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I 751 processing time 2024 Form: What You Should Know

Months and 6 months for most types of visa petition forms. See below figure. If you are a prospective applicant for permanent resident status, you should file your Form I-360 (Form I‑360-P, Petition for Nonimmigrant Visa) within 2 years from the earliest date that you obtained a nonimmigrant visa. If you do not apply for nonimmigrant visa status within the 2­ years, you will be denied. You can use the “How to File/Complete the I-360” guide if you are applying for status as a nonimmigrant visa-in-waiting (the petition for a permanent resident visa, Form I-140), temporary resident visa, nonimmigrant work visa or employment authorization visa.  If you have any questions, do not hesitate to take a look at our FAQs. It is very important that you file your Form I-360 if you have a non-work visa/permit. If You Are Expanding Your Business You must file a I-731 for your new business in order to maintain your current status. It is a good idea to file this Form even before you file your Form I-730 if you want to maximize the time you spend on filing your I‑731.  IMPORTANT: Before you file a new I-731, you should know if there are any significant changes to your business entity that could reduce its status or the amount of your allowable taxes. The more closely your business is related to your primary source of foreign income and that of your principal business — the more tax consequences you might experience if you are not careful. I-731 Overview The tax consequences of changing the business entity type to a corporation, partnership, or sole proprietorship will depend on several factors, including your total annual income and the type of income you expect to receive for the tax year in which you file your I-731. If you intend to reduce your tax liability, you may be able to utilize exemptions and deductions for the new entity. The tax consequences are less clear for any change to your liability or tax basis if you are a taxpayer with a capital loss for the taxable year of the proposed establishment. For more information about filing a return for the taxes or the applicable penalties and interest payable under the Internal Revenue Code, please see our page on Form 8300 — Corporate Income Tax for the tax year of a proposed establishment.

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