- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
there is no right answer.
the 80K is a median number. which probably is not representative of what they would earn if working on their own. even the high end of the range may not be sufficient in your case.
IF you are audited and you performed all the services the IRS could argue that a reasonable salary is 80% of the net income from performing these services. you should consult with a tax pro who could give better guidance.
‎February 22, 2022
6:56 PM