qualified business unit
Defined in 2 places of the United States Code.
For purposes of this subpart, the term “qualified business unit” means any separate and clearly identified unit of a trade or business of a taxpayer which maintains separate books and records.
Source
- 1994–present26 U.S.C. § 989Internal Revenue Code · Other definitions and special rules · for purposes of this subpart
The term “qualified business unit” has the meaning given such term by section 989(a).
Source
- 1998–present26 U.S.C. § 954Internal Revenue Code · Foreign base company income · in this section