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In United States tax law, a corporation is a personal service corporation if it meets all of the following requirements: [2] 1. Its principal activity during the “testing period” is performing personal services (defined later). Generally, the testing period for any tax year is the prior tax year. If the corporation has just been formed, the ...
The creator of the corporation is typically the sole shareholder, [1] and thus the corporation is used as a means to reduce their personal liability, protect their assets and exploit taxation advantages. Loan-Out corporations are especially prominent in the entertainment and professional sports industries, as the creator's services are ...
Personal service may refer to: Personal service sector of the economy, which delivers services rather than goods; Service of process, delivery of court documents to a person; Personal Services, 1987 comedy film set in a brothel; Taxation. Personal service corporation in United States tax law; IR35, United Kingdom tax law for individuals paid ...
Personal loans often come with lower interest rates than credit cards. As of July 2024, the average personal loan rate is 12.38 percent, while the average credit card rate is 20.73 percent.
Personal loans from traditional banks and credit unions usually require good or excellent credit. But, as the name suggests, a bad credit loan is easier to get for borrowers with fair or poor credit.
MA service providers denied nearly 3.5 million of the requests they received in 2022, with CVS, Kaiser Permanente and Centene Corporation among the biggest offenders.
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Personal service corporation, in United States tax law; Protein Sciences Corporation, an American biotech company; Public Service Commission (disambiguation), regulatory bodies, with competence varying by jurisdiction; Production sharing contract, a type of contract used in the resource extraction industry