IRS issues guides on title-holding companies

The Internal Revenue Service has issued two new Technical Guides, described as “comprehensive, issue-specific documents that update and combine Audit Technique Guides with other technical content.”  The new Guides are TG 2 concerning single-parent title-holding corporations exempt under section 501(c)(2) of the Tax Code and TG 25 for multiple-parent title-holding corporations exempt under section 501(c)(25).