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PSCPublic Service Commission
PSCPrinter Scanner Copier (Hewlett-Packard)
PSCProduction Sharing Contract
PSCPolice Service Commission (various locations)
PSCPersons with Significant Control (UK)
PSCProduct Safety Committee (various organizations)
PSCProgram Support Center (US DHHS)
PSCPermanent Split Capacitor (electric motor)
PSCPartit dels Socialistes de Catalunya (PSC-PSOE)
PSCProfessional Standards Commission
PSCProfessional Services Council
PSCPhilippine Sports Commission
PSCPort State Control
PSCPrimary Sclerosing Cholangitis (liver disease)
PSCProgress Software Corporation (Bedford, MA)
PSCPrint, Scan, Copy
PSCPittsburgh Supercomputing Center
PSCPeace and Security Council (African Union)
PSCPsychological Services Center
PSCPopulation Studies Center (University of Michigan)
PSCProduct and Service Code
PSCPrimary Stroke Center (various locations)
PSCPublic Safety Canada
PSCPrivate Security Company
PSCPartido Social Cristiano (Social Christian Party)
PSCConservative Party (Colombia)
PSCProject Steering Committee
PSCPersonal, Social and Community (various organizations)
PSCPotential Source of Contamination
PSCParallel to Serial Converter
PSCPrinter Scanner Copier
PSCPoint Source Catalog
PSCPlatform Support Center
PSCPhilips Sound Card
PSCPeugeot Style Centre
PSCPayload Service Class
PSCPrint Server Command
PSCPicture Start Code
PSCPhb Scheduling Class
PSCPrimary Site Controller
PSCPersonal Super Computer
PSCPortable Storage Control
PSCPort Sense Control
PSCPlant Science Center (various locations)
PSCPeru State College (Peru, Nebraska, USA)
PSCPostsynaptic Current (biology)
PSCProspective Short Circuit
PSCProgrammable Security Code (software)
PSCPolitical and Security Committee (EU)
PSCPersonal Services Contract
PSCPersonnel Service Center
PSCPeter Symonds College (UK)
PSCPublic Sector Comparator
PSCPersonal Service Corporation
PSCPolar Stratospheric Clouds
PSCProtein Sciences Corporation (Meriden, CT)
PSCProject Safe Childhood (US Department of Justice)
PSCProgram Safeguard Contractor (US Medicare)
PSCPartido Social Cristão (Social Christian Party - Brazil)
PSCPresidential Search Committee (various universities)
PSCPaul Smith's College (New York)
PSCPlymouth State College (Plymouth, NH)
PSCPeer Support Centre (various locations)
PSCParti Social Chretien (Belgian political party)
PSCPacific Science Center (Seattle, Washington)
PSCPrivate Security Contractor
PSCPacific Salmon Commission
PSCPublic Sector Committee
PSCProfessional Services Contract
PSCProcess Sensors Corporation (various locations)
PSCPastor Search Committee
PSCPublishing Software Company (UK)
PSCPiano di Sicurezza e Coordinamento (Italian safety legislation)
PSCPublic Service Content
PSCProgram Service Center (Social Security Administration)
PSCPower Sales Contract
PSCPolar Science Center
PSCPlanned Shopping Center
PSCPassenger Service Charge (airline industry charge)
PSCPrincipal Subordinate Command (US DoD)
PSCPoint Source Catalogue
PSCPosterior Subcapsular Cataract
PSCProfessional Service Corporation
PSCPre-Stressed Concrete (construction)
PSCPlanning Sub-Committee (various organizations)
PSCPostal Service Center
PSCProgram Steering Committee
PSCPlanning Section Chief
PSCPublic Sector Company
PSCPhilip Services Corporation (Houston, TX)
PSCProficiency in Survival Craft
PSCPortland Symphonic Choir (Portland, OR)
PSCPro Sports Club (various locations)
PSCPassed Staff Course (various locations)
PSCParkes Shire Council (Australia)
PSCPort Security Company (US DoD)
PSCPrivate Sector Care
PSCProduct Safety Council (consumer protection)
PSCPlanning Steering Committee (various organizations)
PSCPagos Spreadsheet Component (software)
PSCPlastic Surgery Clinic
PSCPrague Stringology Conference
PSCPolitical Science Club
PSCPastoral Stewardship Council (various organizations)
PSCProduct Service Center
PSCPersonal Security Code
PSCPersonnel Sub-Committee (various organizations)
PSCPneumatic System Controller (aviation)
PSCPrivate Sector Council
PSCPrimary Scrambling Code (cellular signal)
PSCPimp Squad Click (band)
PSCProduct Support Coordinator
PSCPersonnel Service Company
PSCPhoenix Sports Center (Phoenix, AZ)
PSCPacific Southwest Container (Modesto, CA)
PSCPortable Speaker Case
PSCSocial Center Party (Morocco)
PSCParallel-to-Serial Converter
PSCPower Systems Conference
PSCPhiladelphia Service Center
PSCPortland Stage Company (Maine, USA)
PSCPortrait Society of Canada (Toronto, Ontario, Canada)
PSCPremier Service Certified (real estate)
PSCProgram Scientific Committee (conferences)
PSCPartnership Solution Center (IBM)
PSCPotomac Speleological Club (Washington, DC)
PSCPortable Single Camera
PSCPhiladelphia Soccer Club
PSCPacific Security Capital (Beaverton, OR)
PSCPersonal Service Center
PSCPassed Staff College
PSCProject Subcommittee
PSCPassive Star Coupler (communications networks)
PSCParallel Sampling Condition
PSCPenang Shipbuilding and Construction (Malaysia)
PSCProgram Site Coordinator (EPA)
PSCPalm School Choir (Texas)
PSCProgram Support Communications
PSCPearland Shooting Club (Pearland, TX)
PSCPentagon Ski Club (Washington, DC)
PSCProtection Switching Count (SONET)
PSCPerformance Seeking Control
PSCPlaystation Compact (camera)
PSCPrimary Synchronisation Code (UMTS)
PSCPower-Spectrum Condition
PSCPara Seu Conhecimento (Portuguese: for your information)
PSCPlatelet Shape Change
PSCPacket Switching Capability
PSCPreservation Society of Charleston (South Carolina, USA)
PSCPremium Synthetic Crude Oil
PSCProducts and Services Committee (Cooperative Action by Victorian Academic Libraries; Australia)
PSCPrivatization Support Contractor
PSCPort Security Committee
PSCPortable Satellite Communications
PSCParalegal Society of Canada
PSCPrint Server Control
PSCPasco, Washington - Tri Cities (airport code)
PSCPlymouth Swim Club
PSCPediatric Specialty Center
PSCprimary synovial chondromatosis
PSCPostal Service Commission (UK)
PSCPesquisa de Satisfação de Clientes
PSCPersonal Safeguard Companion (Chapman Technologies)
PSCPrimary Command-and-Control Single-Channel
PSCPharmacy Student Council (various universities)
PSCPacific Science Council
PSCPowerloom Service Centre (India)
PSCPacketStorm Communications, Inc.
PSCPacket Switching Cluster
PSCProcurement Source Code
PSCPharmacy Service Center
PSCPre-Selected Campaign
PSCPlatform Support System
PSCPrinter Spacing Chart
PSCChief Port Security Specialist (USCG rating)
PSCProtection Switching Circuit
PSCPrice Signal Code
PSCPure Savage Conspiracy (Quake 2 gaming clan)
PSCPower Steering Component (vehicles)
PSCProduction Surveillance Category
PSCPathology Study Center
PSCPer Ship's Compass (nautical navigation)
PSCProduction Schedule Completion
PSCPre Selection Course
PSCPrivate Supplier Catalog
PSCPublication Status Code
PSCPhysical Security Code
PSCParameter Set Concept
PSCPersonnel Service Commission
PSCPrinciple Support Commands
PSCProgrammable Sort Controller
PSCProject Status Control
PSCPacking Service Contract
PSCPreferred System Concept (US DoD acquisitions)
PSCParallel Synchronous Communications
PSCPurchase Selection Criteria
PSCPrefix Synchronizable Code
PSCProxy Signaling Client
PSCPower Source Council
PSCParabolic Scattering Cluster
PSCProbe Steering Committee
PSCPrime Support Contractor
PSCPremises Splice Cabinet
PSCPrefetch Sent Counter (computing)
PSCProvisioning Schedule Code
PSCProtection Switch Completion (Nortel)
PSCPsè Poštovní Smìrovací Èíslo (Czech: Post Identification Number)
PSCPost-Static Firing Checkout (NASA)
PSCProgramme des Spécialistes Canadiens (Canadian Specialists Program)
PSCProgramme Sectoriel Centralisé (French: Centralized Sector Program; Algeria)
References in periodicals archive ?
Further, the parties agreed that, "when viewed as a whole, Applied Research's affiliated group [was] not a qualified personal service corporation.
It is extremely important that the seller sign a covenant not to compete or a consulting contract for the transition period following the sale of a personal service corporation.
Suspended losses and credits of an activity may also offset the income and tax of that activity when the activity ceases to be passive or there is a change in status of a closely held corporation or personal service corporation.
IRC Section 269A permits the IRS to reallocate income, deductions, credits, exclusions, and other allowances (to the extent necessary to prevent avoidance or evasion of federal income tax) between a personal service corporation (PSC) and its employee-owners if the corporation is formed for the principal purpose of securing tax benefits for its employee-owners (i.
A qualified personal service corporation is a corporation, at least 95% of the activities of which are in the performance of services in the fields of health, veterinary services, law, engineering, surveying, architecture, accounting, actuarial science, performing arts, or consulting (the function test).
1 TAX COMPARISON--2006 Taxable Net Income Tax Income Corporate * $100,000 $22,250 $77,750 Personal Service Corporation $100,000 $35,000 $65,000 Joint $100,000 $18,115 $81,885 Single $100,000 $22,332 $77,668 Separate $100,000 $22,991 $77,009 Head/Household $100,000 $20,358 $79,642 Trust/Estate $100,000 $34,078 $65,922 Marginal Overall Rate (%) Rate (%) Corporate * 34 22 Personal Service Corporation 35 35 Joint 25 18 Single 28 22 Separate 33 23 Head/Household 25 20 Trust/Estate 35 34 * not A Personal Service Corporation.
B) substantially all of the stock of which (by value) is held directly (or indirectly through 1 or more partnerships, S corporations, or qualified personal service corporations .
Under this provision, the commissioner may allocate all income, deductions, credits, exclusions, and other allowances between such a personal service or S corporation (even if the corporation is taxed under Tax Law Article 9-A or is not subject to tax in New York State) and its employee-owners if such allocation is necessary to prevent avoidance or evasion of New York State personal income tax, or in order to clearly reflect the source and amount of the income of the personal service corporation or S corporation or any of its employee-owners.
But personal service corporations, such as accountants, doctors and lawyers, are required to have a calendar year.
Not unlike an S Corporation, personal service corporation must generally use a calendar year, absent a business purpose for using a fiscal year.
If a taxpayer ceases for any taxable year to be a closely held C corporation or personal service corporation, this section shall continue to apply to losses and credits to which this section applied for any preceding taxable year in the same manner as if such taxpayer continued to be a closely held C corporation or personal service corporation [IRC section 469(f)(2)].
The closely held corporation must not be a personal service corporation, which is defined in Regs.