Accumulated Adjustments Account definition

Accumulated Adjustments Account means accumulated adjustments account as defined in Section 1368(e)(1) of the Code.
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Accumulated Adjustments Account or “AAA” shall have the meaning assigned to that term by Section 1368(e)(1) of the Code.
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Accumulated Adjustments Account shall have the meaning assigned to that term by Section 1368(e)(1) of the Code.
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Examples of Accumulated Adjustments Account in a sentence

  • Wisconsin Accumulated Adjustments Account‌ The Wisconsin Accumulated Adjustments Account (AAA) is an account of a tax-option (S) corporation that is used in taxable years beginning after December 31, 1982.

  • If the S corporation has earnings and profits, the distribution is applied in the following order: (1) To the Accumulated Adjustments Account (AAA) which essentially includes the income during the period the corporation has been an S corporation reduced by its losses and distributions during that period.

  • If the S corporation has earnings and profits, the distribution is applied in the following order: (1) To the Accumulated Adjustments Account (AAA) which basically includes the income during the period the corporation has been an S corporation reduced by its losses and distributions during that period.

  • If the S corporation has earnings and profits, the distribution is applied in the following order:(1) To the Accumulated Adjustments Account (AAA) which basically includes the income during the period the corporation has been an S corporation reduced by its losses and distributions during that period.

  • Wisconsin Accumulated Adjustments Account The Wisconsin Accumulated Adjustments Account (AAA) is an account of a tax-option (S) corporation that is used in taxable years beginning after December 31, 1982.

  • Schedule M-2—Analysis of Accumulated Adjustments Account, Other Adjustments Account, and Shareholders’ Undistributed Taxable Income Previously TaxedColumn (a)—Accumulated Adjustments AccountThe accumulated adjustments account (AAA) is an account of the S corporation that generally reflects the accumulated undistributed net income of the corporation for the corporation’s post-1982 years.

  • Wisconsin Accumulated Adjustments AccountThe Wisconsin Accumulated Adjustments Account (AAA) is an account of a tax-option (S) corporation that is used in taxable years beginning after December 31, 1982.

  • Employee shall also be paid his allocable share, as a shareholder of the Employer, of any positive balance of the Accumulated Adjustments Account ("AAA" account for S Corporation purposes) - i.e., his allocable share of any amounts taxable to S Corporation shareholders, but not fully distributed to such shareholders -- within 60 days after the end of the fiscal year in which the Employee's employment was terminated.

  • However, the characterization of distributions as dividend or nondividend is determined under the federal rules because no Wisconsin Accumulated Adjustments Account (AAA) is computed for the corporation.

  • Note: In order to fully understand the impact on the shareholders of S-Corporation buy-sell agreements, where the S-Corporation was formerly a C-Corporation with leftover earnings and profits (E&P), a basic understanding of Accumulated Adjustments Account (AAA), is essential.


More Definitions of Accumulated Adjustments Account

Accumulated Adjustments Account shall have the meaning set forth in Section 1368(e) of the Code as determined by the Chief Financial Officer of the Company in accordance with the Company's books and records and without regard to any future adjustments to the Company's taxable income as described in Section 2.3.
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Accumulated Adjustments Account. (as defined in Section 1368(e)(1) of the Code) as of the date immediately prior to the Closing Date (which amount will be specified in a certificate executed by C-Co's Chief Executive Officer and delivered to Intuit on the date immediately prior to the Closing Date pursuant to Section 9.21).
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Accumulated Adjustments Account means with respect to each Kali Shareholder, the allocable amount of profit of Kali that such Kali Shareholder has previously included within such Shareholder's taxable income for any year but as to which such Shareholder has not received such allocable amount.
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Accumulated Adjustments Account shall have the meaning set forth in Code Section 1368(e)(1).
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Accumulated Adjustments Account shall have the meaning set forth in subchapter S of the IRC.
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Related to Accumulated Adjustments Account

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any interest or other amounts earned thereon.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 2.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • Reinvestment Deferred Amount with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith that are not applied to prepay the Loans pursuant to Section 2.10(b) as a result of the delivery of a Reinvestment Notice.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Adjustment Escrow Amount means $1,000,000.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Billing Adjustment Credit To provide Customer the benefit of the rates and discounts in the Amendment as of the Effective Date and until such rates and discounts are implemented, the Company shall provide Customer with a one-time billing adjustment credit equal to $152,300.00 plus applicable taxes and surcharges. This credit shall compensate Customer for the difference between the Tariff/Guide/list rates invoiced during the 1st full billing cycle following Customer's signature date above and the rates and discounts in this Agreement.

  • Deferred Amount With respect to any Distribution Date and each Class of the Subordinate Certificates, the amount by which (x) the aggregate of Applied Loss Amounts previously applied in reduction of the Class Principal Amount thereof exceeds (y) the sum of (1) the aggregate of amounts previously reimbursed in respect thereof and (2) the amount by which the Class Principal Amount of such Class has been increased due to any Subsequent Recovery.

  • Class A Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class A Invested Amount less the Principal Funding Account Balance (but not in excess of the Class A Invested Amount) on such date.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Class B Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class B Invested Amount less the positive difference, if any, between the Principal Funding Account Balance and the Class A Invested Amount on such date.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Invested Amount less the Principal Funding Account Balance on such date of determination.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Reserve Fund Required Amount means, (i) for any Payment Date on which the Note Balance is greater than $0, $4,792,570.75 (i.e., 0.25% of the Cutoff Date Adjusted Pool Balance) or (ii) if the Notes have been paid in full, $0.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Calculated Principal Distribution As defined in Section 5.03(d).

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).