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Business & farm
I'm not understanding this concept.
Can IRS come and say that I didn't pay self-employment on that ordinary income and that it should have been salary?
Or is it not a problem because I didn't actually withdraw the $14,000? But then what happens if I withdraw that $14,000 as salary this year, do I pay income tax on it again?
‎February 7, 2023
6:25 AM