In honor of the upcoming March 15 filing deadline for calendar year corporations, this week we look at the issue of just what is a "qualified personal service corporation" and, perhaps more importantly, what is not. The podcast looks at the recent case of Ron Lykins, Inc. v. Commissioner, TC Memorandum 2006-35, where a corporation was held not to be a QPSC, and so could benefit from the lower tax brackets available to non-PSCs.

Materials for the podcast can be downloaded from http://www.edzollars.com/2006-03-10_Getting_Personal.pdf .

The podcast is sponsored by Leimberg Information Services, available on the web at http://www.leimbergservices.com.