Personal holding corporation

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holdig Jun 21 Are there any a penalty tax on certain. The personal holding company tax with the passage of the income from investments, such as subject matter, it may not.

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How To Make Money Using A HOLDING COMPANY
Personal holding companies that are required to pay personal holding tax will be subject to an additional 20% tax on personal holding income. (2) Stock ownership requirement. At any time during the last half of the taxable year more than 50 percent in value of its outstanding stock is owned, directly. Closely held corporations must test whether the personal holding company tax applies and what measures to take to avoid it.

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As discussed, this self - assessment can be prevented by ensuring the corporation either does not meet the stock ownership test or does not meet the PHC income test. This paragraph shall not apply if any shareholder of the small business investment company owns at any time during the taxable year directly or indirectly including, in the case of an individual, ownership by the members of his family as defined in section a 2 a 5 per centum or more proprietary interest in a small business concern to which funds are provided by the investment company or 5 per centum or more in value of the outstanding stock of such concern; and. Log In. For purposes of subparagraph A , the term "lending or finance business" does not include the business of The net operating loss NOL deduction under Sec.