26 C.F.R. § 1.542-1

Current through July 31, 2024

Section 1.542-1 - General rule

A personal holding company is any corporation (other than one specifically excepted under section 542(c)) which, for the taxable year, meets:

(a) The gross income requirement specified in section 542(a)(1) and § 1.542-2 , and

(b) The stock ownership requirement specified in section 542(a)(2) and § 1.542-3 .

Both requirements must be satisfied with respect to each taxable year.

26 C.F.R. §1.542-1