understatement
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 6015 — in this section
For purposes of this subsection, the term “understatement” has the meaning given to such term by section 6662(d)(2)(A).
26 U.S.C. § 6662 — in this section (13 versions over time)
For purposes of paragraph (1), the term “understatement” means the excess of—
(i) the amount of the tax required to be shown on the return for the taxable year, over
(ii) the amount of the tax imposed which is shown on the return, reduced by any rebate (within the meaning of section 6211(b)(2)).