cumulative foreign amount
Defined in 1 place of the United States Code.
The term “cumulative foreign amount” means the aggregate amount allowed as a deduction under the appropriate foreign tax laws for the taxable year and all prior taxable years to which this section applies.
Source
- 1994–present26 U.S.C. § 404AInternal Revenue Code · Deduction for certain foreign deferred compensation plans · under this section