For a C Corporation to Be Classified as a Personal

question 45

Essay

For a C corporation to be classified as a personal service corporation (PSC) for § 469 purposes, what requirements must be satisfied?

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Definitions:

Fungi

A kingdom of organisms that includes yeasts, molds, and mushrooms; characterized by their absorption of food and importance in ecological and human health.

Unstable Isotopes

Isotopes of chemical elements that exhibit radioactive decay due to an imbalance in nuclear particles.

Neutrons

A type of subatomic particle with no electrical charge, found in the nucleus of an atom alongside protons.

Protons

Positively charged subatomic particles found within the nucleus of an atom and determining the atom's element.