Personal service corporation - Wikipedia, the free encyclopedia
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). Ge...
en.wikipedia.org/wiki/Personal_service_corporation
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A personal service corporation (PSC) generally is a corporation whose principal activity is the performance of personal services, and such services are performed by employee-owners Sec. 269A(b)(1). Congress promulgated Sec.
www.nysscpa.org/cpajournal/old/10428238.htm
Q: Tax Playa, I am the sole owner of a corporation. Am I in danger of the IRS reconstituting it as a "personal service corporation?" Bill, White Plains NY A: You may be, but this is somewhat rare and doesn't come up much these days. ... A corporation is a personal service corporation if three conditions are met:
taxplaya.typepad.com/tax_playa/2007/01/personal_servic.... taxplaya.typepad.com/tax_playa/2007/01/personal_servic.html
If a regular or C corporation is categorized as a personal service corporation, it faces two adverse tax consequences. Under Internal Revenue Code section 11, it is required to pay tax at a flat 34% rate without benefit of the lower graduated brackets, and under section 441 it is required ... ... In a recent private ruling,
www.allbusiness.com/accounting-reporting/corporate-taxe... www.allbusiness.com/accounting-reporting/corporate-taxes/391698-1.html
Personal Service Corporation--There are several definitions for a personal service corporation, depending on the area of tax law. However, all have negative tax implications. Here's how you can recognize the problem. ... The term personal service corporation appears in a number of areas of tax law. In this article we'll...
www.smbiz.com/sbw1110.html
Restrictions that apply to the accounting period of a partnership, S corporation, or personal service corporation. ... Personal Service Corporation (PSC) ... An S corporation or a Personal Service Corporation (PSC) must use the required tax year rules, discussed earlier, to establish a tax year. Generally, a corporation that...
www.irs.gov/publications/p538/ar02.html
Non-CPA firm subject to PSC rate.(certified public accounting, personal service corporation) from Tax Adviser, The provided by Find Articles at BNET ... However, the Service determined that A is a qualified personal service corporation (PSC) subject to the flat 35% rate in Sec. 11(b)(2), because its return preparation...
findarticles.com/p/articles/mi_hb3551/is_200705/ai_n241... findarticles.com/p/articles/mi_hb3551/is_200705/ai_n24112728
C3-1 Unless High Corporation is an S corporation or a personal service corporation, High Corporation can select a tax year ending on the last day of any month (i.e., a fiscal year or a calendar year). pp. C3-2 and C3-3.
www.fsu.edu/~accdept/Tax2Ch3.html
Don't Get Personal (Service Corporation, That Is...) Episode | Ed Zollars' Tax Update Podcast ... In honor of the upcoming March 15 filing deadline for calendar year corporations, this week we look at the issue of just what is a "qualified personal service corporation" and, perhaps more importantly, what is not.
www.podcastdirectory.com/podshows/400625
Sponsored Results Set Up A Corporation
Fast, Easy, Accurate, & Affordable. Incorporate or Form an LLC Online!
Incorporate.com/Corporation
Form a Corporation Online
Incorporate Online in 3 Easy Steps. Featured by CNN and Entrepreneur.
www.LegalZoom.com
Need to Incorporate?
Form a C-Corp, S-Corp or LLC Free name check for site visitors !
www.directincorporation.com
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Complete a Free Personality Profile. Get Personalized Matches.
Chemistry.com/Official-Website