### Question
Can you define what net required payment balance means?


### Answer
**Net required payment balance** is defined as the following in *26 U.S.C. § 7519*:

> the excess (if any) of—


(A) the aggregate of the required payments under this section for all preceding applicable election years, over


(B) the aggregate amount allowable as a refund to the entity under subsection (c) for all preceding applicable election years

#### Citation:
  - *26 U.S.C. § 7519*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 77-MISCELLANEOUS PROVISIONS**

