Implements § 542Open in workspace
Reg. § 1.542-1 General rule.
26 CFR § 1.542-1eCFR, current through 2026-07-14
A personal holding company is any corporation (other than one specifically excepted under section ) which, for the taxable year, meets:
(a) The gross income requirement specified in section and , and
(b) The stock ownership requirement specified in section and .
Both requirements must be satisfied with respect to each taxable year.