Treasury Regulations · 26 CFR
§ 1.563-2. Personal holding company tax.
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. § 563
Cite as 26 CFR § 1.563-2
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- December 8, 1970 by T.D. 7079
- Issued under
- 26 U.S.C. § 563
- Length
- 230 words · about 1 min to read
- Cross-references
- cites 2 Code sections and 0 regulations; cited by 1
In the case of a personal holding company subject to the provisions of section 541, dividends paid after the close of the taxable year and before the 15th day of the third month thereafter shall be included in the computation of the dividends paid deduction for the taxable year only if the taxpayer so elects in its return for such taxable year. The election shall be made by including such dividends in computing its dividends paid deduction. The amount of such dividends which may be included in computing the dividends paid deduction for the taxable year shall not exceed either:
In computing the amount of the dividends paid deduction allowable for any taxable year, the amount allowed by reason of section 563(b) for any preceding taxable year is considered a dividend paid in such preceding taxable year and not in the year of actual distribution. Thus, a double deduction is not allowable.
[T.D. 7079, 35 FR 18587, Dec. 8, 1970]
Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
- § 541 Imposition of personal holding company tax
- § 563 Rules relating to dividends paid after close of taxable year
Cited by 1 other regulation
Amendment history
From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.
- Issued by T.D. 7079 (35 FR 18587)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Deduction for Dividends Paid
Nearby sections
- § 1.562-1 Dividends for which the dividends paid deduction is allowable.
- § 1.562-2 Preferential dividends.
- § 1.562-3 Distributions by a member of an affiliated group.
- § 1.563-1 Accumulated earnings tax.
- § 1.563-2 Personal holding company tax.
- § 1.563-3 Dividends considered as paid on last day of taxable year.
- § 1.564-1 Dividend carryover.
- § 1.565-1 General rule.
- § 1.565-2 Limitations.