excess distributions
Defined in 1 place of the United States Code.
The term “excess distributions” means the aggregate amount of the retirement distributions with respect to any individual during any calendar year to the extent such amount exceeds the greater of—
(A) $150,000, or
(B) $112,500 (adjusted at the same time and in the same manner as under section 415(d))..1
Source
- 1994–present26 U.S.C. § 4980AInternal Revenue Code · Repealed. Pub. L. 10534, title X, 1073(a), Aug. 5, 1997, 111 Stat. 948] · for purposes of this section