You'll need to sign in or create an account to connect with an expert.
The IRS defines a Specified Service Trade or Business as follows:
Specified service trade or business (SSTB) includes a trade or business involving the performance of services in the fields of health, law, accounting, actuarial science, performing arts, consulting, athletics, financial services, investing and investment management, trading, dealing in certain assets or any trade or business where the principal asset is the reputation or skill of one or more of its employees.
This definition will help you answer the question. If your business meets the definition above, then answer Yes. Otherwise, answer No.
The IRS defines a Specified Service Trade or Business as follows:
Specified service trade or business (SSTB) includes a trade or business involving the performance of services in the fields of health, law, accounting, actuarial science, performing arts, consulting, athletics, financial services, investing and investment management, trading, dealing in certain assets or any trade or business where the principal asset is the reputation or skill of one or more of its employees.
This definition will help you answer the question. If your business meets the definition above, then answer Yes. Otherwise, answer No.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
cdenorch
Level 2
OldCarGuy
Level 4
johnorland
New Member
gardineiro
New Member
potentilla
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.