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Bankruptcy Tax Guide, Personal Holding Company Tax


   

A corporation that is subject to the jurisdiction of the cout in a title 11 or similar case is exempt from the personal holding company tax, unless the main reason for beginning or continuing this case is to avoid paying this tax. A "title 11 or similar case" is defined under Tax-Free Reorganizations.

 

Partnerships and Corporations

 

Information courtesy of the Internal Revenue Service.

 

 

 

 

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