• The IRS uses this calculation to determine whether a corporation is a personal holding company. If 60% or more of a corporation’s AOGI consists of certain passive investment income, the company has met the test for personal-holding-company classification. IRC (26 USCA) § 543(b). — Abbr. AOGI. See personal holding company under COMPANY. [Cases: Internal Revenue 3853–3858. C.J.S. Internal Revenue §§ 383–385.]
adjusted ordinary gross income
A corporation’s gross income less capital gains and certain expenses.
