### Question
What does parent-subsidiary controlled group mean?


### Answer
**Parent-subsidiary controlled group** has the following meaning in *26 U.S.C. § 585*:

> 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 APPLICA**

