### Question
What does controlled group of corporations mean?


### Answer
**Controlled group of corporations** has the following meaning in *26 CFR § 1.1563-1*:

> any group of corporations which is—

(A) A *parent-subsidiary controlled group* (as defined in paragraph (a)(2) of this section);

#### Citation:
  - *26 CFR § 1.1563-1*
