net required payment balance
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 7519 — for purposes of this section
The term “net required payment balance” means the excess (if any) of—
(A) the aggregate of the required payments under this section for all preceding applicable election years, over
(B) the aggregate amount allowable as a refund to the entity under subsection (c) for all preceding applicable election years.