### Question
What is the definition of controlled group of corporations?


### Answer
The definition of **controlled group of corporations** is as follows in *26 U.S.C. § 460*:

> given to such term by section 1563(a), except that—


(A) "more than 50 percent" shall be substituted for "at least 80 percent" each place it appears in section 1563(a)(1), and


(B) the determination shall be made without regard to subsections (a)(4) and (e)(3)(C) of section 1563.

#### Citation:
  - *26 U.S.C. § 460*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter E-Accounting Periods and Methods of Accounting > PART II-METHODS OF ACCOUNTING > Subpart B-Taxable Year for Which Items of Gross Income Included**

