26 C.F.R. § 1.542-1 General rule.
Title 26 - Internal Revenue
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.
Title 26: Internal Revenue
PART 1—INCOME TAXES (CONTINUED)
Personal Holding Companies
§ 1.542-1 General rule.
