A personal holding company will always meet the ownership test if more than percent of the value of the corporation's outstanding shares of stock are owned by five or fewer persons at any time during the last half of the tax year.

Question

Quizplus · Accepted Answer

According to the ownership test for personal holding companies, the corporation must have more than 50 percent of the value of its outstanding shares of stock owned by five or fewer persons at any time during the last half of the tax year. Therefore, option D is the correct answer.

A Personal Holding Company Will Always Meet the Ownership Test