selling consolidated group

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 338 — under this section (5 versions over time)

For purposes of subparagraph (A), the term "selling consolidated group" means any group of corporations which (for the taxable period which includes the transaction)—

(i) includes the target corporation, and

(ii) files a consolidated return.

To the extent provided in regulations, such term also includes any affiliated group of corporations which includes the target corporation (whether or not such group files a consolidated return).