CFR › Title 26 › Part 1 › §1.542-126 CFR §1.542-1Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗Copy linkA 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.