related persons
Defined in 2 dictionaries — Case Law, U.S. Code
Definitions from Case Law
From 534 U.S. 438 - Barnhart v. Sigmon Coal Co. · 2002Most cited · 1,950 citing opinions
a member of the controlled group of corporations (within the meaning of section 52(a)) which includes such signatory operator." §.9701(e)(2)(A)(i).
United States Code
19 U.S.C. § 3332 — for purposes of this section
The term “related persons” means persons specified in any of the following subparagraphs:
(A) Persons who are officers or directors of one another's businesses.
(B) Persons who are legally recognized partners in business.
(C) Persons who are employer and employee.
(D) Persons one of whom owns, controls, or holds 25 percent or more of the outstanding voting stock or shares of the other.
(E) Persons if 25 percent or more of the outstanding voting stock or shares of each of them is directly or indirectly owned, controlled, or held by a third person.
(F) Persons one of whom is directly or indirectly controlled by the other.
(G) Persons who are directly or indirectly controlled by a third person.
(H) Persons who are members of the same family.
26 U.S.C. § 1239 — in this section (4 versions over time)
For purposes of subsection (a), the term "related persons" means—
(1) a person and all entities which are controlled entities with respect to such person,
(2) a taxpayer and any trust in which such taxpayer (or his spouse) is a beneficiary, unless such beneficiary's interest in the trust is a remote contingent interest (within the meaning of section 318(a)(3)(B)(i)), and
(3) except in the case of a sale or exchange in satisfaction of a pecuniary bequest, an executor of an estate and a beneficiary of such estate.
(1) General rule
26 U.S.C. § 453 — for purposes of this section
For purposes of this subsection, the term “related persons” has the meaning given to such term by section 1239(b), except that such term shall include 2 or more partnerships having a relationship to each other described in section 707(b)(1)(B).