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Personal-Service Corporation
A corporation that is created for the purpose of providing personal services to individuals or groups. To be considered a personal-service corporation by the IRS, the employee-owners must perform at least 20% of the personal services themselves. The... More »
What Is a Personal Service Corporation?
The IRS defines a personal service corporation as a company whose main work is to offer personal services to its clients. This includes services such as accounting, consulting, health, law, architecture, engineering and the performing arts. To qualify... More »
Source: www.ehow.com

en.wikipedia.org/wiki/Personal_service_corporation

In United States tax law, a corporation is a personal service corporation if it meets all of the following requirements: 1. Its principal activity during the “testing period” is performing personal services (defined later).

www.investopedia.com/terms/p/personal-service-corporation.asp

DEFINITION of 'Personal-Service Corporation'. A corporation that is created for the purpose of providing personal services to individuals or groups.

www.irs.gov/publications/p542/ar02.html

Its principal activity during the “testing period” is performing personal services ( defined later). Generally, the testing period for any tax year is the prior tax year.

www.thebalance.com/personal-services-corporation-definition-2948629

Feb 24, 2017 ... Canadian corporation? Less than 5 employees? Then you need to know the definition of a Personal Services Business and the tax effect of ...

thismatter.com/money/tax/personal-service-corporations.htm

Jan 2, 2017 ... The characteristics of a qualified personal service corporation (QPSC), ... A corporation is defined by the state and in the late 1960s and early ...

www.journalofaccountancy.com/issues/2006/sep/refiningthedefinitionofapersonalservicecorporation.html

Aug 31, 2006 ... TAX CASE n 1987 Congress amended the tax law to provide that a personal service corporation (PSC) is not eligible for graduated corporate ...

medicaleconomics.modernmedicine.com/medical-economics/news/modernmedicine/modern-medicine-feature-articles/beware-pitfalls-personal-serv?page=full

Jul 25, 2011 ... If you incorporate, being designated a personal service corporation by ... by qualified people, defined as either (1) employees who are currently ...

smallbusiness.chron.com/taxation-personal-service-corporation-vs-llc-60361.html

In most states, professionals such as dentists, engineers and architects can run their businesses as personal service corporations -- also referred to as ...

smartbusinessincorporation.com/blog/qualified-personal-service-corporation

The IRS defines a qualified personal service corporation (sometimes called a QPS or a PSC) as a specific type of business where the owner/shareholder ...