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State and Local Taxation: Principles and Planning
 
 
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State and Local Taxation: Principles and Planning

Sanjay Gupta (Author), John E., Jd, Ph.D. Karayah (Author), Joseph W. Neff (Author), Charles W. Swenson (Editor)
3.0 out of 5 stars  See all reviews (2 customer reviews)

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Editorial Reviews

Product Description

Written by a team of CPAs, professors, and tax lawyers with over 100 years of combined experience, this book offers new and keen insights into state and local taxation. The authors draw upon numerous real-life examples to identify and explain the fundamental principles of state and local taxation and how to incorporate these principles into strategic business planning. Designed with both the professional and college student in mind, the text follows the AICPA/ATA Model Tax Curriculum.

About the Author

John E. Karayan, JD, PhD is a tax attorney with a "Big 8" CPA firm background. He retired as a senior executive of a high-tech firm which operated in all 50 states and over 30 countries to become a full-time university professor, but has remained active outside of academia as an expert witness on accounting and taxation in complex business litigation and as a consultant to entrepreneurs.

Sanjay Gupta, PhD, LLB, CPA is the Director of the Master’s of Taxation Program at the W. P. Carey School of Business at Arizona State University, where he teaches State and Local Taxation and is a Professor of Accounting. A CPA with a law degree, he has consulted for the "Big 4" and national CPA firms and has published extensively in leading journals. Among his many awards are being named the 1993-94 Price Waterhouse Fellow in Taxation.

Charles Swenson, PhD, CPA is Professor of Taxation at the University of Southern California. His professional experience includes service as a tax consultant at PricewaterhouseCoopers. Winner of several American Taxation Association Awards, Professor Swenson is one of the most published tax scholars in the U.S.

Joseph W. Neff, JD is a tax partner with PricewaterhouseCoopers. His expertise in tax planning can be summed up by his current position with the firm: the U.S. National Partner in Charge of State and Local Tax Practice.


Product Details

  • Hardcover: 288 pages
  • Publisher: J. Ross Publishing; 2 edition (August 12, 2003)
  • Language: English
  • ISBN-10: 1932159177
  • ISBN-13: 978-1932159172
  • Product Dimensions: 9.1 x 6 x 0.8 inches
  • Shipping Weight: 1.1 pounds (View shipping rates and policies)
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon.com Sales Rank: #537,116 in Books (See Bestsellers in Books)

    Popular in these categories: (What's this?)

    #30 in  Books > Business & Investing > Accounting > Taxes > Corporate
    #61 in  Books > Business & Investing > Accounting > Taxes > Tax Planning

Inside This Book (learn more)
First Sentence:
State and local planning has increased in importance in recent years, as Federal tax planning opportunities have declined and new taxes have been levied at the state and local level. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
local tax planning, tax collection obligation, throwback rule, nonbusiness income, unitary business, state tax issues, commercial domicile, payroll factor, apportionment factors, transitory purpose, nontax incentives, nexus standard, civilian spouse, sales tax base, nonresident partners, state tax treatment, purchase price allocation, taxing state, state income tax purposes, sales tax purposes, tax attributes, tax clearance certificate, tangible personal property, tax rate states, retail sales tax
Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Supreme Court, Commerce Clause, New Jersey, State Board of Equalization, North Dakota, Due Process Clause, New Mexico, Franchise Tax Board, Multistate Tax Compact, New Hampshire, Equal Protection Clause, South Carolina, United States, West Virginia, Rhode Island, South Dakota, North Carolina, Code Ann, District of Columbia, Download Resource Center, Los Angeles, World Wide Web, Code Sec, National Bellas Hess
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This book cites 16 books:
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Customer Reviews

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6 of 8 people found the following review helpful:
1.0 out of 5 stars Numerous inaccuracies detract from good discussion, March 24, 2004
By A Customer
As a state and local tax professional, I purchased a copy of this text to use for "in-house" training at my company. Seeing that the "Second Edition" was published this year (2004), I assumed it would be a relatively accurate text. However, in reviewing Chapter 3 ("Corporate Income/Franchise Taxes" - my area of specialization), I was dismayed to find that most of the information has not been updated for current law. As examples, the table on apportionment factor weighting hasn't been updated for changes since 1999, and the discussion of state differences in depreciation fails to address the dramatic changes that have occurred due to 2002 and 2003 federal legislation.

While the authors do present some good materials on the basics of state and local taxation, and address many of the issues that can arise, their release of a "Second Edition" that is woefully out-of-date seriously detracts from its utility in a learning environment.

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3 of 7 people found the following review helpful:
5.0 out of 5 stars Covering tax code, hazards, loopholes, and regulations, January 17, 2004
By Midwest Book Review (Oregon, WI USA) - See all my reviews
Now in its second edition, State And Local Taxation: Principles And Planning is the authoritative and collaborative effort of tax experts Charles W. Swenson, Sanjay Gupta, John E. Karayan, and Joseph Neff. This outstanding informational resource is meant to be used as a professional reference or a college curriculum text. Covering tax code, hazards, loopholes, and regulations as imposed by governments (especially pertaining to cross-border transactions), State And Local Taxation is meticulously detailed and spells out the facts, principles, and requirements for both students of Economics and non-specialist general readers seeking to expertly flesh out their knowledge base with respect to all aspects of governmental taxation.
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