applicable payment
Defined in 2 places of the United States Code.
For purposes of this paragraph, the term “applicable payment” means, with respect to any taxable year, a payment or payments described in section 7701(a)(51)(D)(i)(II).
Source
- 2025–present26 U.S.C. § 50Internal Revenue Code · Other special rules · under this chapter
The term “applicable payment” means amounts paid by a partnership or S corporation which are includible in gross income of a partner or shareholder.
Source
- 1994–present26 U.S.C. § 7519Internal Revenue Code · Required payments for entities electing not to have required taxable year · for purposes of this section