A corporation in which the performance of personal activities is the principal pursuit,services are performed by owner-employees,and the owner-employees own 95% or more of the stock is taxed at a flat rate of 35%.

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A personal service corporation (PSC) is a corporation in which the performance of personal activities is the principal pursuit, services are performed by owner-employees, and the owner-employees own 95% or more of the stock. PSCs are taxed at a flat rate of 35%.

A Corporation in Which the Performance of Personal Activities Is