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.
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 ...
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 ...
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 ...
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 ...
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 ...
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
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, ...
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
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 ...