conditionalOwner compensation
Non-working family members on payroll
Salaries paid to family members who do not perform services.
Rule
Add back only with a written statement that the individual performs no services and will be removed from payroll at closing.
Evidence lenders expect
- Payroll register
- Owner attestation
- Org chart
Worked example
As reported
Spouse salary $48,000
In the memo
Attestation provided · $48,000 added back
The objection you will hear
Family member who performs bookkeeping or scheduling and would need to be replaced.
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