Monthly Archives: March 2010

Drew Miles on Personal Service Corporation Tax Issues

Owners of more than one corporation can be determined as a Personal Service Corporation by the Internal Revenue Service when in actuality they are not. PSC’s are not eligible for graduated corporate tax rates and are required to pay a … Continue reading

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Drew Miles on the Tax Benefits of Expanded Loss Carrybacks

The current economic downturn has prompted lawmakers to reconsider the loss carryback rules under the Worker, Homeownership and Business Assistance Act of 2009. This would provide tax relief to all businesses except for companies receiving payments under the Troubled Asset … Continue reading

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