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they are not some big ass company
No, but when they turn the IRS on you, and the Feds get to looking, most of the court litigation costs would be levied on your own head. If the govt wants to ever get after this industry, this sort of case would open the ball.
Read the case on Al Capone. Once the IRS gets involved EVERYone involved gets looked at.
Something I learned in the mid 80's, when an accountant tells you something, check with a criminal lawyer before trusting it. An accountant knows taxes (and laws to a degree involving them). Criminal action - law, civil as well, do not always agree with an accountants thoughts on a subject. Few accountants could ever handle being an attorney at the same time. There are just too many changes each year for any one person to be aware of AND remember.
Do as you wish, but when you err, it's better to be on the safer side of it.
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