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Benign us Fall Festival 2017 Vendor Application APPLICATIONS MUST BE RECEIVED BY OCTOBER 9, 2017Contact Name: Company Name: Address: City: State: Zip: Email Address: PH#(H): PH#(C): Description of
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PHH PHC stands for Personal Holding Company (PHC) tax. It is a tax on undistributed income of certain corporations.
Corporations meeting specific criteria, such as having a certain percentage of income from passive sources, are required to file PHH PHC.
PHH PHC can be filled out using Form 1120-PC, which requires information on the corporation's income, deductions, and credits.
The purpose of PHH PHC is to prevent shareholders of closely-held corporations from deferring personal taxes by retaining corporate earnings.
Information on the corporation's income, deductions, credits, and distribution of earnings must be reported on PHH PHC.
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