Submitted by Puzzleheaded-Bug7189 t3_y420ls in news
PseudonymIncognito t1_isdve93 wrote
Reply to comment by theprofessor24 in Real Estate Agents Caught on Camera Facilitating Mortgage Fraud for a Fee by Puzzleheaded-Bug7189
So then how does the money get from the business to the owner in order to pay the mortgage? The owner is either drawing a salary, or is taking some other capital distribution from the business, which should be reported as income to the appropriate taxing authorities, or the business is a pass-through entity in which case the business income is their personal income and should also have been reported to the taxing authorities.
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