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Overpayments and underpayments

(A) If more or less than the correct amount due under an agreement entered into pursuant to this subsection is paid with respect to any payment of remuneration, proper adjustments with respect to the amounts due under such agreement shall be made, without interest, in such manner and at such times as may be required by regulations prescribed by the Secretary.

(B) If an overpayment cannot be adjusted under subparagraph (A), the amount thereof shall be paid by the Secretary, through the Fiscal Service of the Treasury Department, but only if a claim for such overpayment is filed with the Secretary within two years from the time such overpayment was made.

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statutes/26/3121/l.yaml

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Rules

foreign_affiliate_interest_threshold

Parameter

source: 26 USC 3121(l)(6)(A)

- name: foreign_affiliate_interest_threshold
  kind: parameter
  dtype: Rate
  period: Year
  source: 26 USC 3121(l)(6)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: not less than a 10-percent interest
  versions:
    - effective_from: '1990-01-01'
      formula: '0.10'

overpayment_claim_filing_year_limit

Parameter

source: 26 USC 3121(l)(5)(B)

- name: overpayment_claim_filing_year_limit
  kind: parameter
  dtype: Count
  period: Year
  source: 26 USC 3121(l)(5)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: within two years from the time such overpayment was made
  versions:
    - effective_from: '1990-01-01'
      formula: '2'

ten_percent_interest_in_foreign_entity

Derived

source: 26 USC 3121(l)(6)(B)

- name: ten_percent_interest_in_foreign_entity
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(6)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              if such employer has such an interest directly (or through one or more entities)— (i)
              in the case of a corporation, in the voting stock thereof, and (ii) in the case of any
              other entity, in the profits thereof
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3121/l#foreign_affiliate_interest_threshold
            output: foreign_affiliate_interest_threshold
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        (
          foreign_entity_is_corporation
          and american_employer_interest_in_foreign_entity_voting_stock >= foreign_affiliate_interest_threshold
        )
        or (
          not foreign_entity_is_corporation
          and american_employer_interest_in_foreign_entity_profits >= foreign_affiliate_interest_threshold
        )

foreign_affiliate

Derived

source: 26 USC 3121(l)(6)(A)

- name: foreign_affiliate
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(6)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              A foreign affiliate of an American employer is any foreign entity in which such
              American employer has not less than a 10-percent interest.
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3121/h#american_employer
            output: american_employer
            hash: sha256:7fe5e86e5ea35041490b0a4c90cbb4d96badfd74b5da2fd235863b6c820b277e
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3121/l#ten_percent_interest_in_foreign_entity
            output: ten_percent_interest_in_foreign_entity
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        american_employer
        and entity_is_foreign_entity
        and ten_percent_interest_in_foreign_entity

foreign_affiliate_agreement_coverage_applies

Derived

source: 26 USC 3121(l)(1)

- name: foreign_affiliate_agreement_coverage_applies
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              Such agreement shall be applicable with respect to citizens or residents of the United
              States who, on or after the effective date of the agreement, are employees of and
              perform services outside the United States for any foreign affiliate specified in the
              agreement.
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              except that the agreement shall not apply to any service performed by, or remuneration
              paid to, an employee if such service or remuneration would be excluded from the term
              “employment” or “wages”, as defined in this section, had the service been performed in
              the United States
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        agreement_entered_into_pursuant_to_this_subsection
        and employee_is_citizen_or_resident_of_united_states
        and employee_performs_services_on_or_after_effective_date_of_agreement
        and employee_is_employee_of_foreign_affiliate_specified_in_agreement
        and employee_performs_services_outside_united_states
        and not service_would_be_excluded_from_employment_if_performed_in_united_states
        and not remuneration_would_be_excluded_from_wages_if_service_performed_in_united_states

agreement_effective_for_other_affiliate_after_late_amendment_quarter

Derived

source: 26 USC 3121(l)(2)

- name: agreement_effective_for_other_affiliate_after_late_amendment_quarter
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              in case such agreement is amended to include the services performed for any other
              affiliate and such amendment is executed after the first month following the first
              calendar quarter for which the agreement is in effect
        - path: versions[0].formula
          kind: effective_period
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              the agreement shall be in effect with respect to service performed for such other
              affiliate only after the calendar quarter in which such amendment is executed
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        agreement_amended_to_include_services_for_other_affiliate

        and
        amendment_executed_after_first_month_following_first_calendar_quarter_for_which_agreement_is_in_effect

        and period_is_after_calendar_quarter_in_which_amendment_is_executed

agreement_effective_period_terminates_for_entity_ceasing_to_be_foreign_affiliate

Derived

source: 26 USC 3121(l)(2)

- name: agreement_effective_period_terminates_for_entity_ceasing_to_be_foreign_affiliate
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              in which the foreign entity, at any time in such quarter, ceases to be a foreign
              affiliate as defined in paragraph (6)
        - path: versions[0].formula
          kind: effective_period
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              the period for which any such agreement is effective with respect to any foreign
              entity shall terminate at the end of any calendar quarter
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        foreign_entity_ceases_to_be_foreign_affiliate_at_any_time_in_calendar_quarter
        and period_is_end_of_that_calendar_quarter

agreement_may_not_be_terminated_after_stated_date

Derived

source: 26 USC 3121(l)(3)

- name: agreement_may_not_be_terminated_after_stated_date
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              No agreement under this subsection may be terminated, either in its entirety or with
              respect to any foreign affiliate, on or after June 15, 1989.
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        agreement_under_this_subsection
        and attempted_termination_is_on_or_after_stated_no_termination_date

remuneration_considered_wages_subject_to_chapter_taxes_for_trust_fund_purposes

Derived

source: 26 USC 3121(l)(4)

- name: remuneration_considered_wages_subject_to_chapter_taxes_for_trust_fund_purposes
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              paid for services covered by an agreement entered into pursuant to paragraph (1) as
              would be wages if the services constituted employment
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              as is reported to the Secretary pursuant to the provisions of such agreement or of the
              regulations issued under this subsection
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: shall be considered wages subject to the taxes imposed by this chapter
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        remuneration_paid_for_services_covered_by_foreign_affiliate_agreement
        and remuneration_would_be_wages_if_services_constituted_employment
        and remuneration_reported_to_secretary_under_agreement_or_regulations

overpayment_payable_by_secretary_when_unadjustable_and_timely_claimed

Derived

source: 26 USC 3121(l)(5)(B)

- name: overpayment_payable_by_secretary_when_unadjustable_and_timely_claimed
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(5)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: If an overpayment cannot be adjusted under subparagraph (A)
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              but only if a claim for such overpayment is filed with the Secretary within two years
              from the time such overpayment was made
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3121/l#overpayment_claim_filing_year_limit
            output: overpayment_claim_filing_year_limit
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        overpayment_under_agreement_cannot_be_adjusted
        and years_between_overpayment_and_claim_filing <= overpayment_claim_filing_year_limit

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us/statute/26/3121/l/5 — Overpayments and underpayments · Axiom

Overpayments and underpayments

Official source

in view

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statutes/26/3121/l.yaml

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Rules

foreign_affiliate_interest_threshold

Parameter

source: 26 USC 3121(l)(6)(A)

- name: foreign_affiliate_interest_threshold
  kind: parameter
  dtype: Rate
  period: Year
  source: 26 USC 3121(l)(6)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: not less than a 10-percent interest
  versions:
    - effective_from: '1990-01-01'
      formula: '0.10'

overpayment_claim_filing_year_limit

Parameter

source: 26 USC 3121(l)(5)(B)

- name: overpayment_claim_filing_year_limit
  kind: parameter
  dtype: Count
  period: Year
  source: 26 USC 3121(l)(5)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: within two years from the time such overpayment was made
  versions:
    - effective_from: '1990-01-01'
      formula: '2'

ten_percent_interest_in_foreign_entity

Derived

source: 26 USC 3121(l)(6)(B)

- name: ten_percent_interest_in_foreign_entity
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(6)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              if such employer has such an interest directly (or through one or more entities)— (i)
              in the case of a corporation, in the voting stock thereof, and (ii) in the case of any
              other entity, in the profits thereof
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3121/l#foreign_affiliate_interest_threshold
            output: foreign_affiliate_interest_threshold
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        (
          foreign_entity_is_corporation
          and american_employer_interest_in_foreign_entity_voting_stock >= foreign_affiliate_interest_threshold
        )
        or (
          not foreign_entity_is_corporation
          and american_employer_interest_in_foreign_entity_profits >= foreign_affiliate_interest_threshold
        )

foreign_affiliate

Derived

source: 26 USC 3121(l)(6)(A)

- name: foreign_affiliate
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(6)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              A foreign affiliate of an American employer is any foreign entity in which such
              American employer has not less than a 10-percent interest.
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3121/h#american_employer
            output: american_employer
            hash: sha256:7fe5e86e5ea35041490b0a4c90cbb4d96badfd74b5da2fd235863b6c820b277e
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3121/l#ten_percent_interest_in_foreign_entity
            output: ten_percent_interest_in_foreign_entity
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        american_employer
        and entity_is_foreign_entity
        and ten_percent_interest_in_foreign_entity

foreign_affiliate_agreement_coverage_applies

Derived

source: 26 USC 3121(l)(1)

- name: foreign_affiliate_agreement_coverage_applies
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              Such agreement shall be applicable with respect to citizens or residents of the United
              States who, on or after the effective date of the agreement, are employees of and
              perform services outside the United States for any foreign affiliate specified in the
              agreement.
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              except that the agreement shall not apply to any service performed by, or remuneration
              paid to, an employee if such service or remuneration would be excluded from the term
              “employment” or “wages”, as defined in this section, had the service been performed in
              the United States
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        agreement_entered_into_pursuant_to_this_subsection
        and employee_is_citizen_or_resident_of_united_states
        and employee_performs_services_on_or_after_effective_date_of_agreement
        and employee_is_employee_of_foreign_affiliate_specified_in_agreement
        and employee_performs_services_outside_united_states
        and not service_would_be_excluded_from_employment_if_performed_in_united_states
        and not remuneration_would_be_excluded_from_wages_if_service_performed_in_united_states

agreement_effective_for_other_affiliate_after_late_amendment_quarter

Derived

source: 26 USC 3121(l)(2)

- name: agreement_effective_for_other_affiliate_after_late_amendment_quarter
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              in case such agreement is amended to include the services performed for any other
              affiliate and such amendment is executed after the first month following the first
              calendar quarter for which the agreement is in effect
        - path: versions[0].formula
          kind: effective_period
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              the agreement shall be in effect with respect to service performed for such other
              affiliate only after the calendar quarter in which such amendment is executed
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        agreement_amended_to_include_services_for_other_affiliate

        and
        amendment_executed_after_first_month_following_first_calendar_quarter_for_which_agreement_is_in_effect

        and period_is_after_calendar_quarter_in_which_amendment_is_executed

agreement_effective_period_terminates_for_entity_ceasing_to_be_foreign_affiliate

Derived

source: 26 USC 3121(l)(2)

- name: agreement_effective_period_terminates_for_entity_ceasing_to_be_foreign_affiliate
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              in which the foreign entity, at any time in such quarter, ceases to be a foreign
              affiliate as defined in paragraph (6)
        - path: versions[0].formula
          kind: effective_period
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              the period for which any such agreement is effective with respect to any foreign
              entity shall terminate at the end of any calendar quarter
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        foreign_entity_ceases_to_be_foreign_affiliate_at_any_time_in_calendar_quarter
        and period_is_end_of_that_calendar_quarter

agreement_may_not_be_terminated_after_stated_date

Derived

source: 26 USC 3121(l)(3)

- name: agreement_may_not_be_terminated_after_stated_date
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              No agreement under this subsection may be terminated, either in its entirety or with
              respect to any foreign affiliate, on or after June 15, 1989.
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        agreement_under_this_subsection
        and attempted_termination_is_on_or_after_stated_no_termination_date

remuneration_considered_wages_subject_to_chapter_taxes_for_trust_fund_purposes

Derived

source: 26 USC 3121(l)(4)

- name: remuneration_considered_wages_subject_to_chapter_taxes_for_trust_fund_purposes
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              paid for services covered by an agreement entered into pursuant to paragraph (1) as
              would be wages if the services constituted employment
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              as is reported to the Secretary pursuant to the provisions of such agreement or of the
              regulations issued under this subsection
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: shall be considered wages subject to the taxes imposed by this chapter
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        remuneration_paid_for_services_covered_by_foreign_affiliate_agreement
        and remuneration_would_be_wages_if_services_constituted_employment
        and remuneration_reported_to_secretary_under_agreement_or_regulations

overpayment_payable_by_secretary_when_unadjustable_and_timely_claimed

Derived

source: 26 USC 3121(l)(5)(B)

- name: overpayment_payable_by_secretary_when_unadjustable_and_timely_claimed
  kind: derived
  entity: Employer
  dtype: Judgment
  period: Year
  source: 26 USC 3121(l)(5)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: If an overpayment cannot be adjusted under subparagraph (A)
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              but only if a claim for such overpayment is filed with the Secretary within two years
              from the time such overpayment was made
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3121/l#overpayment_claim_filing_year_limit
            output: overpayment_claim_filing_year_limit
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        overpayment_under_agreement_cannot_be_adjusted
        and years_between_overpayment_and_claim_filing <= overpayment_claim_filing_year_limit