20-percent owned corporation
Defined in 1 place of the United States Code.
For purposes of this section, the term “20-percent owned corporation” means any corporation if 20 percent or more of the stock of such corporation (by vote and value) is owned by the taxpayer. For purposes of the preceding sentence, stock described in section 1504(a)(4) shall not be taken into account.
Source
- 1994–present26 U.S.C. § 243Internal Revenue Code · Dividends received by corporations · for purposes of this section