October 27, 2000
FOR IMMEDIATE RELEASE
BNA Tax Management Releases Texas Franchise Tax Portfolio Authored by Eric L. Stein, Principal of Ryan & Company.
Washington, D.C. - Texas Franchise Tax, Portfolio #2400, recently
released by BNA Tax Management, provides a detailed discussion on a wide
range of issues dealing with the taxation of corporate entities in Texas
and addresses important considerations for all business enterprises doing
business in the state.
This Portfolio gives a detailed discussion of the federal limitations
imposed on Texas' corporate tax scheme, including a discussion of constitutional
limitations such as the due process and commerce clauses and federal statutory
limitations, such as P.L. No. 86-272. The author offers insights concerning
the Texas Franchise tax, specifying how the tax is computed and noting
the types of activities and entities that are exempt from the levy. The
discussion also includes issues affecting specific entities such as S
corporations, partnerships, and limited liability companies.
In addition, the Portfolio covers topics such as apportionment and allocation
and describes the credits and deductions available to corporate entities.
Administrative and return requirements are also described in detail.
The Texas Taxpayer's Bill of Rights is analyzed and tax planning considerations
are discussed.
The Portfolio was authored by Eric L. Stein, Esq., CPA., who is the managing
principal of Ryan & Company's Austin office. Mr. Stein received a
Bachelor of Business Administration Degree from the University of Texas
at Austin and a law degree from Texas Tech University. Mr. Stein earned
a Master of Laws in Taxation degree from Boston University School of Law
and is a certified public accountant. Mr. Stein was assisted in the researching
and drafting of the portfolio by Ms. Sandi Farquharson, Esq., CPA, Dispute
Resolution Group Manager, also of the Austin office of Ryan & Company.
Texas Franchise Tax is the latest addition to the Tax Management Multistate
Tax Portfolio Series, a continuing program providing authoritative analysis,
state specific information, and practice documents for use in state tax
planning. The Series, as well as the Portfolio authored by Mr. Stein,
is available in print, on CD-ROM, and the Internet at
http://www.bnatax.com/products/tax/tmil.html.
A subscription
to Tax Management Portfolios on the Web must be purchased to view
the library of Portfolios available at that site, or you may register
for a free 30-day trial subscription. Individual
Portfolios, in print, are offered separately for $185 by the publisher,
BNA Tax Management, a subsidiary of The Bureau of National Affairs, Inc.,
1250 23rd Street, N.W., Washington, D.C. 20037, 800.223.7270 or via email
at tm@bna.com.
PRESS INFORMATION CONTACT:
Mark Carrington
202.530.1728
mcarrington@bna.com
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