TaxGuyBill
Level 15
12-07-2019
08:52 AM
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I'm not aware of a difference.
"Qualified" just means that it *IS* a Personal Service Corporation because it meets the definition. Nonqualified would just mean it is NOT a Personal Service Corporation. Unfortunately, the is one thing you DON'T want to qualify for.
"Qualified" just means that it *IS* a Personal Service Corporation because it meets the definition. Nonqualified would just mean it is NOT a Personal Service Corporation. Unfortunately, the is one thing you DON'T want to qualify for.