undistributed earnings
Defined in 1 place of the United States Code.
The term “undistributed earnings” means, with respect to any qualified electing fund, the excess (if any) of—
(A) the amount includible in gross income by reason of section 1293(a) for the taxable year, over
(B) the amount not includible in gross income by reason of section 1293(c) for such taxable year.
Source
- 1994–present26 U.S.C. § 1294Internal Revenue Code · Election to extend time for payment of tax on undistributed earnings · for purposes of this section