Old 02-10-2019, 06:23 AM
  #40  
jcbcpa
Admirals Club Admiral's Club Member
 
Join Date: Feb 2013
Location: Southwest Georgia
Posts: 154
Default

Originally Posted by anonymous_coward View Post
It is happening.

PAGE 1 OF 1120S SHOWING BUSINESS OWNERS W2 INCOME AND K1 INCOME
Attachment 1095527

PAGE 2 OF 1040 SHOWING BUSINESS OWNERS FEDERAL TAX PAYMENT OF $3,868
Attachment 1095528

The borrower was loaded and had to be pulling in $250k to $300k yet got away with a $3,868 federal tax payment.
How do you know he was making 250 or 300K?
Did you make him a loan?
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