non-owner employee
Defined in 1 place of the United States Code.
The term “non-owner employee” means any employee who does not own, at any time during the taxable year, more than 5 percent in value of the outstanding stock of the taxpayer. For purposes of the preceding sentence, section 318 shall apply, except that “5 percent” shall be substituted for “50 percent” in section 318(a)(2)(C).
Source
- 1994–present26 U.S.C. § 465Internal Revenue Code · Deductions limited to amount at risk · for purposes of this section