Let me get this straight - somebody taking the advice of a convicted felon who is completely untrained in tax law is coming up with this?Quite right. The CPA, though, is just an IRS tool, and as such a toady, is required to toe the line or else he may not have a job... imagine that...
So, the company is the one on the hook, as they will be signing off on, and actually performing, the theft by conversion. They had better have all their ducks in a row if they are going to do that. Advice from a CPA on legal matters is shaky, to say the least.
Do you have your plumber come and fix your electrical system?
Grinner - no, I don't have a plumber fix my electrical problems. But he'd do a better job of fixing my electrical problems that Pete is doing on fixing your IRS problems.