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Income from an "Active Business" versus Income from a "Specified Investment Business" versus Income from a "Personal Services Business"

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Income from an "Active Business"
Income from a "Specified Investment Business"
Income from a "Personal Services Business"

I am having a hard time understanding what the differences are between the three.

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Solution Summary

Clear brief distinction given. The terms commonly used in tax practices are determined.

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An active business derives income from any service not otherwise excluded, also a specified investment business with 5 or more full time employees.

A specified investment business is a business which principally ...

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