net required payment balance
Defined in 1 place of the United States Code.
The term “net required payment balance” means the excess (if any) of—
(A) the aggregate of the required payments under this section for all preceding applicable election years, over
(B) the aggregate amount allowable as a refund to the entity under subsection (c) for all preceding applicable election years.
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