Personal Service Corporation Irs. A personal service corporation is an organization in which the activity involves the performance of services in the field of health, law, engineering. The person who provides the services on behalf of the corporation is considered an incorporated employee.
These services span a wide variety of endeavors in many fields, and are specified for tax purposes in the united states by the internal revenue service (irs). A personal service corporation is a company which, as the name suggests, provides personal services. The internal revenue service provides business owners with several choices when considering the best tax treatment for their circumstances and corporation.
A personal service corporation is a person or group of people who establish a legal entity by filing articles of incorporation with the state's secretary of state granting it certain legal powers, rights, privileges, and liabilities.
The irs must approve the request formally after the company files any of these forms. A personal service corporation is a c corporation that performs services in the professions listed in sec. A personal service corporation is a unique corporation that receives tax benefits if it can meet the irs ownership requirements. A personal services corporation is a canadian tax designation for a corporation where the shareholder would be considered an employee if it weren't for the corporate structure.