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Title 26 Part 1 → §1.542-1

Title 26 → Chapter I → Subchapter A → Part 1 → §1.542-1

Electronic Code of Federal Regulations e-CFR

Title 26 Part 1 → §1.542-1

e-CFR data is current as of November 18, 2019

Title 26Chapter ISubchapter APart 1 → §1.542-1


Title 26: Internal Revenue
PART 1—INCOME TAXES (CONTINUED)


§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.


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