Treasury Regulations · 26 CFR

§ 1.542-1. General rule.

In effect eCFR current as of October 15, 2026

Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).

Regulation under 26 U.S.C. § 542

Cite as 26 CFR § 1.542-1

At a glance

Read from the text and its source citation. Not part of the regulation.

Status: In the current eCFR
Source: T.D. 6500, 25 FR 11402, Nov. 26, 1960; 25 FR 14021, Dec. 21, 1960; T.D. 9989, 89 FR 17606, Mar. 11, 2024, unless otherwise noted.
Issued under: 26 U.S.C. § 542
Length: 63 words · about 1 min to read
Cross-references: cites 1 Code section and 2 regulations; cited by 1

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.

Computed from the citations in the text of 26 CFR.