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Personal service corporation - Wikipedia


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


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 ...

Personal Service Corporations - 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 ...

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


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 Professional Service Corporations: How to Address IRS ...


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 ...

Personal-Service Corporation Definition | Investopedia


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


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 ...

Refining the Definition of a Personal Service Corporation


Aug 31, 2006 ... Refining the Definition of a Personal Service Corporation. BY EDWARD J. ... New online tool allows taxpayers to check IRS account information.

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


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

How to Qualify As a Personal Service Corporation: 11 Steps - wikiHow


Meet the minimum requirement for providing services. The IRS ...

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

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


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 Corporations - Larkin Hoffman


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.