@PhoebeRoberts  Those were the days, when Social Security had enough staff to go after people like that.  Decades ago there were a few poster-child cases where they went after S corp owners who weren't taking enough in wages.  These days, federal law enforcement is an oxymoron when it comes to such issues. 

A couple in their early 60s, with a C corp and defined-benefit pension plan, can make a huge profit and still keep their wages low enough to continue collecting Social Security.