adjustment
Defined in 2 places across 2 titles of the United States Code.
“adjustment” means an amendment to a previously filed report on an obligation, and any additional payment or credit, if any, applicable thereto, to rectify an underpayment or overpayment on an obligation;
Source
- 1996–present30 U.S.C. § 1702Mineral Lands and Mining · Definitions · for the purposes of this chapter
In the case of any real estate investment trust, the term "adjustment" means—
(A) any increase in the sum of—
(i) the real estate investment trust taxable income of the real estate investment trust (determined without regard to the deduction for dividends paid (as defined in section 561) and by excluding any net capital gain), and
(ii) the excess of the net income from foreclosure property (as defined in section 857(b)(4)(B)) over the tax on such income imposed by section 857(b)(4)(A),
(B) any increase in the amount of the excess described in section 857(b)(3)(A)(ii) 1 (relating to the excess of the net capital gain over the deduction for capital gains dividends paid), and
(C) any decrease in the deduction for dividends paid (as defined in section 561) determined without regard to capital gains dividends.
Source
- 2017–present26 U.S.C. § 860Internal Revenue Code · Deduction for deficiency dividends · in this section
In the case of any real estate investment trust, the term “adjustment” means—
(A) any increase in the sum of—
(i) the real estate investment trust taxable income of the real estate investment trust (determined without regard to the deduction for dividends paid (as defined in section 561) and by excluding any net capital gain), and
(ii) the excess of the net income from foreclosure property (as defined in section 857(b)(4)(B)) over the tax on such income imposed by section 857(b)(4)(A),
(B) any increase in the amount of the excess described in section 857(b)(3)(A)(ii) (relating to the excess of the net capital gain over the deduction for capital gains dividends paid), and
(C) any decrease in the deduction for dividends paid (as defined in section 561) determined without regard to capital gains dividends.
Source
- 1994–201726 U.S.C. § 860Internal Revenue Code · Deduction for deficiency dividends · in this section
In the case of any regulated investment company, the term “adjustment” means—
(A) any increase in the investment company taxable income of the regulated investment company (determined without regard to the deduction for dividends paid (as defined in section 561)),
(B) any increase in the amount of the excess described in section 852(b)(3)(A) (relating to the excess of the net capital gain over the deduction for capital gain dividends paid), and
(C) any decrease in the deduction for dividends paid (as defined in section 561) determined without regard to capital gains dividends.
Source
- 2013–201826 U.S.C. § 860Internal Revenue Code · Deduction for deficiency dividends · in this section
In the case of any regulated investment company, the term "adjustment" means—
(A) any increase in the investment company taxable income of the regulated investment company (determined without regard to the deduction for dividends paid (as defined in section 561)),
(B) any increase in the amount of the excess described in section 852(b)(3)(A) (relating to the excess of the net capital gain over the deduction for capital gain dividends paid), and
(C) any decrease in the deduction for dividends paid (as defined in section 561) determined without regard to capital gains dividends.
(2) Adjustment in the case of real estate investment trust
Source
- 1994–present26 U.S.C. § 860Internal Revenue Code · Deduction for deficiency dividends · in this section