Loading...
Professional Service Organizations: A Critique of the Literature
Bittker, Boris
Bittker, Boris
Abstract
In the seven years that have passed since the states began to authorize doctors, lawyers, and other professional practitioners to organize "professional corporations" and "professional associations," the status of these new-style groups under the Internal Revenue Code has been the subject of a vast polemical literature. With few exceptions, the commentators have been sympathetic to the view that professional service organizations are "corporations" as that term is defined by section 7701 (a)(3) of the Code; but the reasons offered by those who espouse this view are diverse and contradictory.