@Anonymous
why would Quickbooks facilitate, even BAKE IN something that isn't a kosher practice?
QB does not portend to be tax compliant, it is accounting. You've witnessed, lived through, Enron, Madoff, the collapse of Smith Barney, etc etc -= all of those had accounting done by CPA's, and many of those CPA's we also registered as tax professionals.
Becasue you can do something in accounting does not mean it is kosher. It only means that you have not had to defend it in an audit.
As my favorite, very well respected tax CPA and enrolled agent once said in response to a question: Ask 4 CPA's and get 5 answers, what do you want the transaction to show?
Keep in mind, no matter who does the books, who does the tax form, the person signing the form is responsible and is who gets contacted for an audit. So to me the key is can I explain what and why something was entered, and / or, will the person who did it be there next to me in an audit.
