26 U.S.C. § 1501
Privilege to file consolidated returns
An affiliated group of corporations shall, subject to the provisions of this chapter, have the privilege of making a consolidated return with respect to the income tax imposed by chapter 1 for the taxable year in lieu of separate returns. The making of a consolidated return shall be upon the condition that all corporations which at any time during the taxable year have been members of the affiliated group consent to all the consolidated return regulations prescribed under section 1502 prior to the last day prescribed by law for the filing of such return. The making of a consolidated return shall be considered as such consent. In the case of a corporation which is a member of the affiliated group for a fractional part of the year, the consolidated return shall include the income of such corporation for such part of the year as it is a member of the affiliated group.
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Cited by 25
- 26 CFR § 1.1059A-1 — Limitation on taxpayer's basis or inventory cost in property imported from related persons.
- 26 CFR § 1.1381-2 — Tax on certain farmers' cooperatives.
- 26 CFR § 1.1502-32 — Investment adjustments.
- 26 CFR § 1.1502-76 — Taxable year of members of group.
- 26 CFR § 1.1504-3 — Treatment of stock in a QOF C corporation for purposes of consolidation.
- 26 CFR § 1.269B-1 — Stapled foreign corporations.
- 26 CFR § 1.279-6 — Application of section 279 to certain affiliated groups.
- 26 CFR § 1.401(b)-1 — Certain retroactive changes in plan.
- 26 CFR § 1.44B-1 — Credit for employment of certain new employees.
- 26 CFR § 1.468B-6 — Escrow accounts, trusts, and other funds used during deferred exchanges of like-kind property under section 1031(a)(3).
- 26 CFR § 1.475(c)-1 — Definitions—dealer in securities.
- 26 CFR § 1.482-7A — Methods to determine taxable income in connection with a cost sharing arrangement.
Show 13 more
- 26 CFR § 1.522-1 — Tax treatment of farmers' cooperative marketing and purchasing associations exempt under section 521.
- 26 CFR § 1.542-4 — Corporations filing consolidated returns.
- 26 CFR § 1.6011-4 — Requirement of statement disclosing participation in certain transactions by taxpayers.
- 26 CFR § 1.818-8 — Special rules relating to consolidated returns and certain capital losses.
- 26 CFR § 1.861-8T — Computation of taxable income from sources within the United States and from other sources and activities (temporary).
- 26 CFR § 301.6111-3 — Disclosure of reportable transactions.
- 26 U.S.C. § 1017 — Discharge of indebtedness
- 26 U.S.C. § 1092 — Straddles
- 26 U.S.C. § 542 — Definition of personal holding company
- 26 U.S.C. § 7701 — Definitions
- 26 U.S.C. § 818 — Other definitions and special rules
- 26 U.S.C. § 832 — Insurance company taxable income
- 26 U.S.C. § 904 — Limitation on credit
Nearby sections (25 sections)
- 1461 · Liability for withheld tax
- 1462 · Withheld tax as credit to recipient of income
- 1463 · Tax paid by recipient of income
- 1464 · Refunds and credits with respect to withheld tax
- 1465 · Repealed. Pub. L. 94–455, title XIX, § 1901(a)(156), Oct. 4,…
- 1471 · Withholdable payments to foreign financial institutions
- 1472 · Withholdable payments to other foreign entities
- 1473 · Definitions
- 1474 · Special rules
- 1491 · Repealed. Pub. L. 105–34, title XI, § 1131(a), Aug. 5, 1997, 111…
- 1493 · Repealed. Pub. L. 89–809, title I, § 103(l)(2), Nov. 13, 1966,…
- 1494 · Repealed. Pub. L. 105–34, title XI, § 1131(a), Aug. 5, 1997, 111…
- 1501 · Privilege to file consolidated returns
- 1502 · Regulations
- 1503 · Computation and payment of tax
- 1504 · Definitions
- 1505 · Cross references
- 1551 · Repealed. Pub. L. 115–97, title I, § 13001(b)(5)(A), Dec. 22,…
- 1552 · Earnings and profits
- 1561 · Limitation on accumulated earnings credit in the case of certain…
- 1562 · Repealed. Pub. L. 91–172, title IV, § 401(a)(2), Dec. 30, 1969,…
- 1563 · Definitions and special rules
- 1564 · Repealed. Pub. L. 101–508, title XI, § 11801(a)(38), Nov. 5,…
- 2001 · Imposition and rate of tax
- 2002 · Liability for payment