Glossary term

Affiliated Group

A parent corporation and 80-percent-owned subsidiaries eligible to file a consolidated return.

Related terms

Jurisdictions

Definition

Section 1504 defines an affiliated group eligible for consolidated filing as a parent and subsidiaries connected through 80-percent direct or indirect stock ownership.

Examples

A U.S. parent with 80-percent-owned subsidiary corporations can file a consolidated Form 1120.

Related terms

Consolidated Return Controlled Group

Translations

ESgrupo afiliado

ZH关联集团

DEverbundene Gruppe

FRgroupe affilié

JA関連グループ

Citations

26 U.S.C. · 1504

Related citations

Computed from the cross-reference graph. Links open the related entity on this site.

This entry cites

TermConsolidated Return
TermControlled Group

Cited by

TermControlled Group
TermConsolidated Return

Primary sources

IRS: Consolidated returnsVerified 2026-05-20

Important disclaimer

This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.