In determining whether an asset is tangible or intangible personal property for the purpose of sales and

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In determining whether an asset is tangible or intangible personal property for the purpose of sales and use taxation, do the following play any role? If yes, why?

A. The taxpayer’s treatment of that asset on its federal income tax returns B. The taxpayer’s treatment of that asset on its financial statements

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State And Local Taxation Principles And Practices

ISBN: 9781604270952

3rd Edition

Authors: Sanjay Gupta, John Karayan, Joseph Neff, Charles Swenson

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