@kizfaka wrote:
First question: Does this sound legitimate?
No, it does not exactly sound legitimate and, personally, I would question the accountant as to what he is relying on in terms of authority for the position proffered.
I am certain, however, that you would need have an eligible entity in order to make an S corporation election and a sole proprietorship is not such an entity.
I am going to page @Rick19744 for his input on this entire issue.
