The personal holding company tax is a penalty tax imposed in addition to the regular income tax.

Name: The personal holding company tax is a penalty tax imposed in addition to the regular income tax.
Brand: Quizplus
Rating: 4.7 (48 reviews)

Question

Quizplus · Accepted Answer

The personal holding company tax is an additional tax imposed on certain corporations to discourage the accumulation of passive income and ensure that income is distributed to shareholders and taxed at the individual level.

The Personal Holding Company Tax Is a Penalty Tax Imposed