- adjusted highest section 1 rate
means the highest rate of tax in effect under section 1 as of the end of the base year plus 1 percentage point (or, in the case of applicable election years beginning in 1987, 36 percent).
- agreement vessel
includes barges and containers which are part of the complement of such vessel and which are provided for in the agreement.
- annual advance amount
means, with respect to any taxpayer for any calendar year, the amount (if any) which is estimated by the Secretary as being equal to 50 percent of the amount which would be treated as allowed under subpart C of part IV of subchapter A of chapter 1 by reason of section 24(i)(1) for the taxpayer’s taxable year beginning in such calendar year if—
- applicable election year
means any taxable year of a partnership or S corporation with respect to which an election is in effect under section 444.
- applicable payment
means amounts paid by a partnership or S corporation which are includible in gross income of a partner or shareholder.
- applicable taxpayer
means a taxpayer whose income for the taxable year does not exceed an amount equal to the completed phaseout amount under section 32(b) for a married couple filing a joint return with three or more qualifying children, as determined in a revenue procedure or other published guidance.
- base amount
means the dollar amount determined under clause (i) increased by an amount equal to—
- base year
means, with respect to any applicable election year, the taxable year of the partnership or S corporation preceding such applicable election year.
- certified individual
means any individual for whom a qualified health insurance costs credit eligibility certificate is in effect.
- clinic
includes—
- deferral period
has the meaning given to such term by section 444(b)(4).
- deferral ratio
means the ratio which the number of months in the deferral period of the base year bears to the number of months in the partnership’s or S corporation’s taxable year.
- Desert Shield services
means any services in the Armed Forces of the United States or in support of such Armed Forces if—
- designated delivery service
means any delivery service provided by a trade or business if such service is designated by the Secretary for purposes of this section.
- disaster area
means an area in which a major disaster for which the President provides financial assistance under section 408 of the Robert T.
- eligible employer
means an eligible employer (as defined in section 408(p)(2)(C)(i)(I)) which has at least 1 employee who is not a highly compensated employee (as defined in section 414(q)) and is participating in the plan.
- eligible organization
means—
- federally authorized tax practitioner
means any individual who is authorized under Federal law to practice before the Internal Revenue Service if such practice is subject to Federal regulation under section 330 of title 31, United States Code.
- guaranteed payment
means any payment referred to in section 707(c).
- legal holiday
means a legal holiday in the District of Columbia;
- major income categories
means the following:
- major outlay categories
means the following:
- net required payment balance
means the excess (if any) of—
- payment
includes “deposit”, and the reference to the postmark date refers to the date of mailing.
- pension benefit plan
means a pension, profit-sharing, stock bonus, annuity, or employee stock ownership plan.
- qualified entity
means any entity which—
- qualified health insurance costs eligibility certificate
means any written statement that an individual is an eligible individual (as defined in section 35(c)) if such statement provides such information as the Secretary may require for purposes of this section and—
- qualified hospitalization
means— Paragraph (2) shall not apply for purposes of applying this section with respect to the spouse of an individual entitled to the benefits of subsection (a).
- qualified low-income taxpayer clinic
means a clinic that—
- qualified representative
means any individual (whether or not an attorney) who is authorized to practice before the Internal Revenue Service or the applicable court.
- qualified return preparation program
means any program—
- qualified State declared disaster
means, with respect to any State, any natural catastrophe (including any hurricane, tornado, storm, high water, winddriven water, tidal wave, tsunami, earthquake, volcanic eruption, landslide, mudslide, snowstorm, or drought), or, regardless of cause, any fire, flood, or explosion, in any part of the State, which in the determination of the Governor of such State (or the Mayor, in the case of the District of Columbia) causes damage of sufficient severity and magnitude to warrant the application of the rules of this section.
- qualified taxpayer
means—
- reference taxable year
means, with respect to any taxpayer for any calendar year, the taxpayer’s taxable year beginning in the preceding calendar year or, in the case of taxpayer who did not file a return of tax for such taxable year, the taxpayer’s taxable year beginning in the second preceding calendar year.
- required payment
means, with respect to any applicable election year of a partnership or S corporation, an amount equal to— For purposes of paragraph (1)(A), the term “adjusted highest section 1 rate” means the highest rate of tax in effect under section 1 as of the end of the base year plus 1 percentage point (or, in the case of applicable election years beginning in 1987, 36 percent).
- specified matching amount
means, with respect to any calendar year, the lesser of—
- State
includes the District of Columbia, the Commonwealth of Puerto Rico, the Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands.
- tables
includes formulas.
- tax advice
means advice given by an individual with respect to a matter which is within the scope of the individual’s authority to practice described in subparagraph (A).
- underpayment
means the excess of the amount of the payment required under this section over the amount (if any) of such payment paid on or before the date prescribed therefor.
- underserved population
includes populations of persons with disabilities, persons with limited English proficiency, Native Americans, individuals living in rural areas, members of the Armed Forces and their spouses, and the elderly.
- valuation date
means the date as of which the valuation is made.