noncontrolling shareholder
Defined in 1 place of the United States Code.
For purposes of subclause (I), the term “noncontrolling shareholder” means, with respect to any corporation, a shareholder which (as of the beginning of the taxable year for which the installment is being made) does not own (within the meaning of section 958(a)), and is not treated as owning (within the meaning of section 958(b)), more than 50 percent (by vote or value) of the stock in the corporation.
Source
- 1994–present26 U.S.C. § 6655Internal Revenue Code · Failure by corporation to pay estimated income tax · for purposes of this section