Start with the epicenter: Completed in 1983, the glass-enclosed Trump Tower was designed before New York became a prime target for terrorist threats. Itâs a sturdy building, but it wasnât constructed with security in mind. President Donald Trump and his family are regularly spending time at Trump Tower in New York.
DEFINITION of 'Personal-Service Corporation'. A corporation that is created for the purpose of providing personal services to individuals or groups.To be considered a personal-service corporation by the IRS, the employee-owners must perform at least 20% of the personal services themselves.o be considered a personal-service corporation by the IRS, the employee-owners must perform at least 20% of the personal services themselves.
A person is an employee-owner of a personal service corporation if both of the following apply: 1. They are an employee of the corporation or perform personal services for, or on behalf of, the corporation (even if they are an independent contractor for other purposes) on any day of the testing period.2.They own stock in the corporation at any time during the testing period.ts employee-owners substantially perform the services in (1). This requirement is met if more than 20% of the corporation's compensation cost for its activities of performing personal services during the testing period is for personal services performed by employee-owners. 3.