### Question
How is the "parent-subsidiary controlled group" defined?


### Answer
The term **parent-subsidiary controlled group** is defined in *26 U.S.C. § 585* as follows -

> any controlled group of corporations described in section 1563(a)(1)

#### Citation:
  - *26 U.S.C. § 585*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter H-Banking Institutions > PART I-RULES OF GENERAL APPLICATION TO BANKING INSTITUTIONS**

