personal service corporation
Defined in 5 places of the United States Code.
For purposes of this section, the term “personal service corporation” has the meaning given to such term by section 441(i)(2).
Source
- 1994–present26 U.S.C. § 444Internal Revenue Code · Election of taxable year other than required taxable year · for purposes of this section
For purposes of this subsection, the term “personal service corporation” has the meaning given such term by section 269A(b)(1), except that section 269A(b)(2) shall be applied—
(A) by substituting “any” for “more than 10 percent”, and
(B) by substituting “any” for “50 percent or more in value” in section 318(a)(2)(C).
Source
- 201326 U.S.C. § 441Internal Revenue Code · Period for computation of taxable income · for purposes of this subtitle
For purposes of this subsection, the term "personal service corporation" has the meaning given such term by section 269A(b)(1), except that section 269A(b)(2) shall be applied—
(A) by substituting "any" for "more than 10 percent", and
(B) by substituting "any" for "50 percent or more in value" in section 318(a)(2)(C).
A corporation shall not be treated as a personal service corporation unless more than 10 percent of the stock (by value) in such corporation is held by employee-owners (within the meaning of section 269A(b)(2), as modified by the preceding sentence). If a corporation is a member of an affiliated group filing a consolidated return, all members of such group shall be taken into account in determining whether such corporation is a personal service corporation.
Source
- 1994–present26 U.S.C. § 441Internal Revenue Code · Period for computation of taxable income · for purposes of this subtitle
The term “personal service corporation” has the meaning given such term by section 269A(b)(1), except that section 269A(b)(2) shall be applied—
(A) by substituting “any” for “more than 10 percent”, and
(B) by substituting “any” for “50 percent or more in value” in section 318(a)(2)(C).
Source
- 2013–present26 U.S.C. § 469Internal Revenue Code · Passive activity losses and credits limited · for purposes of this section
The term "personal service corporation" has the meaning given such term by section 269A(b)(1), except that section 269A(b)(2) shall be applied—
(A) by substituting "any" for "more than 10 percent", and
(B) by substituting "any" for "50 percent or more in value" in section 318(a)(2)(C).
A corporation shall not be treated as a personal service corporation unless more than 10 percent of the stock (by value) in such corporation is held by employee-owners (within the meaning of section 269A(b)(2), as modified by the preceding sentence).
Source
- 1994–202226 U.S.C. § 469Internal Revenue Code · Passive activity losses and credits limited · for purposes of this section
The term “personal service corporation” has the meaning given to such term by section 441(i)(2).
Source
- 1994–present26 U.S.C. § 280HInternal Revenue Code · Limitation on certain amounts paid to employee-owners by personal service corporations electing alternative taxable years · for purposes of this section
The term “personal service corporation” means a corporation the principal activity of which is the performance of personal services and such services are substantially performed by employee-owners.
Source
- 1994–present26 U.S.C. § 269AInternal Revenue Code · Personal service corporations formed or availed of to avoid or evade income tax · for purposes of this section