Page 275 - International Taxation IRS Training Guides

Other
Distinguish GTOCs From

Org Charts (Cont’d)
Types of

 Corporate Secretary (Legal
Entity) Charts

• Most
large taxpayer Corporate Secretaries use specific
entity software applications for managing and
function legal
recording legal
ownership of entities

• Most
often the application is used for state/municipality
licensing and franchise reports
requirements

the resulting org charts may indicate “by legal
• Although,
entity,”
they are not reliable for representing US entity
tax compliance purposes. However, these
classification for
charts
can provide factual information about legal reasons
for
entity choice that could, in turn, provide the issue team
with valuable information.

22