Current through November 30, 2024
Section 1.280H-0T - Table of contents (temporary)This section lists the captions that appear in the temporary regulations under section 280H.
§ 1.280H-1T Limitation on certain amounts paid to employee-owners by personal service corporations electing alternative taxable years (temporary). (b) Limitations on certain deductions of a personal service corporation.(2) Carryover of nondeductible amounts.(3) Disallowance inapplicable for certain purposes.(4) Definition of applicable amount. (ii) Special rule for certain indirect payments.(c) Minimum distribution requirement.(1) Determination of whether requirement satisfied.(ii) Employee-owner defined.(3) 3-year average test. (ii) Applicable percentage.(iii) Adjusted taxable income. (B) Determination of adjusted taxable income for the deferral period of the applicable election year.(d) Maximum deductible amount. (e) Special rules and definition. (1) Newly organized personal service corporations.(2) Existing corporations that become personal service corporations.(3) Disallowance of NOL carryback.T.D. 8205, 53 FR 19711, May 27, 1988