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Personal service corporation - Wikipedia

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 ...

Instructions for Form 1120-W (2017) - IRS.gov

www.irs.gov/instructions/i1120w/ch02.html

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 ...

(1) a closely held corporation - IRS.gov

www.irs.gov/help-resources/tools-faqs/faqs-for-individuals/frequently-asked-tax-questions-answers/small-business-self-employed-other-business/entities/entities-5

Jan 1, 2017 ... A corporation meets this requirement if more than 20% of the corporation's compensation cost for performing personal services is for personal ...

Personal Service Corporations - thisMatter.com

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

Jan 2, 2017 ... 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 ...

Personal Professional Service Corporations: How to Address IRS ...

www.claconnect.com/resources/articles/personal-service-corporations-how-to-address-irs-scrutiny

Jun 21, 2016 ... If you are operating a personal service corporation, electing S corporation status or making modifications to bonus or equity structures may be ...

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.

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, ...

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, ...

Mapping the Scope of Personal Service Corporations

www.journalofaccountancy.com/issues/2010/jul/personalservicecorporations.html

Jun 30, 2010 ... 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 ...