### Question
How is the "includible corporation" defined?


### Answer
The term **includible corporation** is defined in *26 U.S.C. § 1504* as follows -

> any corporation except—



(1) Corporations exempt from taxation under section 501

#### Citation:
  - *26 U.S.C. § 1504*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 6-CONSOLIDATED RETURNS > Subchapter A-Returns and Payment of Tax**

