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Personal service corporation

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 ... Jump up to: IRS Publication 542 (02/2006); Jump up ^ Harvey.

Publication 542 (03/2012), Corporations - IRS.gov

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

He or she is an employee of the corporation or performs personal services for, or on behalf of, the corporation (even if he or she is an independent contractor for ...

Beware the pitfalls of the personal service corporation | Medical ...

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

Jul 25, 2011 ... Beware the pitfalls of the personal service corporation. If you incorporate, being designated a personal service corporation by the IRS could ...

Refining the Definition of a Personal Service Corporation

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

Refining the Definition of a Personal Service Corporation. BY EDWARD J. SCHNEE ... IRS provides guidance on like-kind exchanges of aircraft. April 1, 2016 ...

Personal Service Corporations - Larkin Hoffman

www.larkinhoffman.com/files/OTHER/Personal_Service_Corporations.pdf

tants; “IRS,” to the Internal Revenue Service; “PSC,” to personal service corpora ... The U.S. Treasury's exposure to service corporations had its beginnings in the.

Taxation of a Personal Service Corporation vs. an LLC | Chron.com

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

Also, fringe benefits given to personal service corporation owners are tax deductible, while the IRS taxes the value of the same benefits given to LLC owners.

Personal-Service Corporation Definition | Investopedia

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

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, ...

26 U.S. Code § 269A - Personal service corporations formed or ...

www.law.cornell.edu/uscode/text/26/269A

the principal purpose for forming, or availing of, such personal service corporation is the avoidance or evasion of Federal income tax by reducing the income of, ...

How to Qualify As a Personal Service Corporation: 3 Steps

www.wikihow.com/Qualify-As-a-Personal-Service-Corporation

Meet the IRS standards for a personal service corporation. The IRS allows a corporation to qualify as a Personal Service Corporation only if it meets a three- part ...

Tax Court Rules C-Corp Is Not a Qualified Personal Service ...

www.accountingweb.com/aa/auditing/tax-court-rules-c-corp-is-not-a-qualified-personal-service-corporation

Mar 21, 2006 ... When is an accounting firm not a qualified personal service corporation (QPSC)? According .... Lost Records: Tax Court More Lenient Than IRS ...

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Instructions for Form 1120-W (2016) - IRS.gov

www.irs.gov

A qualified personal service corporation is taxed at a flat rate of 35% on taxable income. A corporation is a qualified personal service corporation if it meets both ...

Mapping the Scope of Personal Service Corporations

www.journalofaccountancy.com

It filed its tax return as a general corporation and not as a personal service corporation. The IRS determined that it was a personal service corporation because ...

Personal Service Corporations - thisMatter.com

thismatter.com

Mar 18, 2016 ... The IRS classifies this type of corporation as a personal service corporation ( PSC ), which is a type of C corporation where more than 10% of ...