Imputed underpayment definition synonym
WitrynaAn imputed underpayment is reported to a partnership in a notice of proposed partnership adjustment (NOPPA). Additionally, Form 8980 is also used by a partnership which is applying certain permitted modifications to an imputed underpayment included in the filing of an Administrative Adjustment Request (AAR). WitrynaAn adjustment to an imputed underpayment is, therefore, a partnership adjustment as defined in section 6241 (2). The approval of a modification affects the amount of an …
Imputed underpayment definition synonym
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Witryna1. underpayment noun. ['ˈʌndɝˌpeɪmənt'] the act of paying less than required. Synonyms payment defrayment Rhymes with Underpayment abandonment … WitrynaImputed Underpayment means the amount determined by applying the applicable [ State] income tax rate, as determined under subsection C (4) (a), to all partnership …
WitrynaSynonyms for IMPUTED (TO): pinned (on), fathered (on), blamed, put down, chalked up, ascribed, imputed, attributed, referred, credited Witrynaimputed; imputing 1 : to consider or calculate as a value or cost (as for taxation) broadly : to reckon as an actual thing impute a benefit from the use of the car 2 in the civil law …
Witryna(a) Partnership may request modification of an imputed underpayment. A partnership that has received a notice of proposed partnership adjustment (NOPPA) under section 6231(a)(2) from the Internal Revenue Service (IRS) may request modification of a proposed imputed underpayment set forth in the NOPPA in accordance with this … Witrynatr.v. un·der·paid (-pād′), un·der·pay·ing, un·der·pays To pay insufficiently or less than is deserved. un′der·pay′ment n. American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved. Inc.
WitrynaRelated to Imputed Tax Underpayment Underpayment means any payment or portion of a payment not made to a provider for services delivered to eligible members …
WitrynaDEFINITIONS 1. 1. not earning enough money for work that you do. Synonyms and related words. Definition and synonyms of underpaid from the online English … hilton green bay wiWitryna22 gru 2024 · Generally, under applicable Treasury Regulations, a partnership adjustment that results in an “imputed underpayment” (IU) must be paid by the partnership. The IRS Chief Counsel advises, in the CCA, that any “money number” adjustments on a partnership’s Form 1065, U.S. Return of Partnership Income, or in … hilton greensboro ncWitryna1 paź 2016 · The Imputed Underpayment: A Shift to Entity-Level Liability Under the BBA, the IRS will generally audit partnerships at the partnership level. Adjustments, … hilton greenspoint houston txWitrynaunderpayment: 1 n the act of paying less than required Type of: defrayal , defrayment , payment the act of paying money n a payment smaller than needed or expected Type … hilton green river wyomingWitryna1 paź 2024 · Imputed underpayment: The basics The imputed underpayment is equal to the total netted partnership adjustment multiplied by the highest rate of federal income tax in effect for the reviewed year, increased or decreased by the net credit grouping adjustment (Regs. Sec. 301.6225-1 (b) (1)). hilton gri reportWitrynaIn other words, the unmodified imputed underpayment represents a simple way to allow the partnership to pay, and the IRS to collect, as amount related to the partnership adjustments without having to delve into the specific tax attributes of each partner. hilton greenville and towersWitrynaWhat's the definition of Underpayment in thesaurus? Most related words/phrases with sentence examples define Underpayment meaning and usage. ... Thesaurus for … hilton greenspoint texas