applicable amount

(1) Applicable amount The term “applicable amount” means any amount paid to an employee-owner which is includible in the gross income of such employee, other than— (A) any gain from the sale or exchange of property between the owner-employee and the corporation, or (B) any dividend paid by the corporation.

Source

26 USC § 280H(f)(1)


Scoping language

None identified. Default scope is assumed to be the entire title.
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