Not a Guru but if your accountant says "it's a one-way ticket to an audit, and somehow we would get screwed" then I think I would be asking him to clarify what part of the tax code would generate an audit. Besides Who's afraid of an Audit if everything is legal and is acceptable under the tax code. Seem to me he needs to be telling you how you can take advantage of the opportunity if there is one rather than discourage it. Just make sure all your ducks are in a row and it will be financial viable. But thats just my 2cents.

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