IRS Form 1120 Schedule PH U.S. Personal Holding Company (Phc) Tax

What Is IRS Form 1120 Schedule PH?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on November 1, 2015. As of today, no separate filing guidelines for the form are provided by the IRS.

FAQ

Q: What is IRS Form 1120 Schedule PH?
A: IRS Form 1120 Schedule PH is a tax form used by U.S. Personal Holding Companies (PHCs) to calculate and report their tax liability.

Q: What is a U.S. Personal Holding Company (PHC)?
A: A U.S. Personal Holding Company (PHC) is a corporation that primarily engages in passive income activities, such as receiving dividends, interest, and royalties.

Q: Who needs to file IRS Form 1120 Schedule PH?
A: U.S. Personal Holding Companies (PHCs) are required to file IRS Form 1120 Schedule PH along with their annual tax return.

Q: What information is required on IRS Form 1120 Schedule PH?
A: IRS Form 1120 Schedule PH requires information related to the company's passive income, deductions, and calculations of the Personal Holding Company Tax.

Q: What is the Personal Holding Company Tax?
A: The Personal Holding Company Tax is a tax imposed on U.S. Personal Holding Companies (PHCs) to prevent them from avoiding tax by accumulating passive income inside the corporation.