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Business & farm
Ok ... so you do NOT have a, S-corp that "makes" 100K net ... you have a company that nets $20K before your wages are deducted. If you pay yourself $20K in wages + payroll expenses then the net business income is zero and the only thing the IBR is calculated on is the wages paid + any income your other spouse has IF you file a joint return.
‎October 9, 2019
5:06 PM