SCHEDULE PH OMB No. 1545-0123

(Form 1120) U.S. Personal Holding Company (PHC) Tax

Department of the Treasury

Internal Revenue Service

© See separate instructions. Attach to tax return.

Name Employer identification number

Part I—Undistributed Personal Holding Company Income (See instructions.)

1 Taxable income before net operating loss deduction and special deductions. Enter amount

from Form 1120, line 28 1

2 Contributions deducted in figuring line 1. Enter amount from Form 1120, line 19 2

Excess expenses and depreciation under section 545(b)(6). Enter amount from Schedule

A, line 2 

3

Additions

3

4 Total. Add lines 1 through 3 4

Federal and foreign income, war profits, and excess profits taxes not deducted in figuring

line 1 (attach schedule)

5

5

6 Contributions deductible under section 545(b)(2). See instructions for limitation 6

7 Net operating loss for the preceding tax year deductible under section 545(b)(4) 7

Net capital gain. Enter amount from Schedule D (Form 1120),

line 12. Foreign corporations, see instructions

8a

8a

Less: Income tax on this net capital gain (see section

545(b)(5)). Attach computation

b

8b 8c

Deduction for dividends paid (other than dividends paid after the end of the tax year). Enter

amount from Schedule B, line 5

9

9

Deductions

10 Total. Add lines 5 through 9 10

11 Subtract line 10 from line 4 11

12 Dividends paid after the end of the tax year (other than deficiency dividends defined in

section 547(d)), but not more than the smaller of line 11 or 20% of line 1, Schedule B 12

Undistributed PHC income. Subtract line 12 from line 11. Foreign corporations, see

instructions

13

13

Part II—Information Required Under Section 6501(f)

Personal Holding Company Income (See instructions.)

14 Dividends 14

15a Interest 15a

b Less: Amounts excluded under section 543(a)(1)(A), 543(a)(1)(B),

543(a)(1)(D), or 543(b)(2)(C) (attach schedule) 15b 15c

16 Royalties (other than mineral, oil, gas, or copyright royalties) 16

17 Annuities 17

18a Rents 18a

18b 18c

b Less: Adjustments described in section 543(b)(2)(A) (attach

schedule)

19a Mineral, oil, and gas royalties 19a

19b 19c

b Less: Adjustments described in section 543(b)(2)(B) (attach

schedule)

20 Copyright royalties 20

21 Produced film rents 21

22 Compensation received for use of corporation property by 25% shareholder 22

23 Amounts received under personal service contracts and from their sale 23

24 Amounts includible in taxable income from estates and trusts 24

25 PHC income. Add lines 14 through 24 25

Part III—Tax on Undistributed Personal Holding Company Income

26 PHC tax. Enter 28% of line 13 here and on Schedule J (Form 1120), line 7, or on the proper

line of the appropriate tax return 26

Schedule PH (Form 1120) 1992

For Paperwork Reduction Act Notice, see page 1 of the Instructions for Forms 1120 and 1120-A.

Cat. No. 11465P

If the information on PHC income and stock ownership is not submitted with the corporation’s return, the

limitation period for assessment and collection of the PHC tax is 6 years.
Schedule A

Schedule PH (Form 1120) 1992 Page 2

Enter the names and addresses of the individuals who together owned directly or indirectly at any time

during the last half of the tax year more than 50% in value of the outstanding stock of the corporation. Stock Ownership

Highest percentage of shares

owned during last half of tax year (a) Name (b) Address

(c) Preferred (d) Common

% %

% %

% %

% %

% %

Excess of Expenses and Depreciation Over Income From Property Not Allowable

Under Section 545(b)(6) (See instructions for Part I, line 3.)

(e) Repairs,

insurance, and

other expenses

(section 162)

(attach schedule)

(h) Excess

(col. (f) less

col. (g))

(g) Income from

rent or other

compensation

(f) Total of

columns (d)

and (e)

(c) Cost or

other basis

(b) Date

acquired (a) Kind of property (d) Depreciation

1

2 Total excess of expenses and depreciation over rent or other compensation. Add the amounts in column (h)

and enter the total here and on line 3, Part I

Note: Attach a statement showing the names and addresses of persons from whom rent or other compensation

was received for the use of, or the right to use, each property.

Deduction for Dividends Paid (Determined Under Section 562)

Taxable dividends paid. Do not include dividends considered as paid in the preceding tax year

under section 563 or deficiency dividends as defined in section 547

1

1

2 Consent dividends. Attach Forms 972 and 973 2

3 Taxable distributions. Add lines 1 and 2 3

4 Dividend carryover from first and second preceding tax years. Attach computation 4

Deduction for dividends paid. Add lines 3 and 4 and enter the result here and on Part I,

line 9

5

5

Schedule B

Add the amounts in columns (c) and (d) and enter the totals here © % %