John Steines Jr.Professor John P. Steines Jr. (LL.M. ’78) has been named the new author of Federal Income Taxation of Corporations and Shareholders, the preeminent work on corporate taxation.

Steines succeeds longtime co-authors Boris Bittker, a Yale Law School professor who died in 2005, and James Eustice (LL.M. ’58), Gerald L. Wallace Professor of Taxation Emeritus at NYU Law, who passed away in April. In remembering Eustice’s contributions to tax scholarship, Marilynn and Ronald Grossman Professor of Law Deborah Schenk (LL.M. ’76) characterized the importance of Bittker and Eustice’s treatise, whose original edition was published by Bittker in 1959 before Eustice joined the project in the 1960s: “Say ‘B and E’ to any tax lawyer and they will know instantly to what you are referring. It is on every tax lawyer’s desk, in every law library, and read by generations of corporate tax students. It is the first place everyone looks for an answer to any corporate tax question, and, as I say to my students, if the answer isn’t there, there is no answer.”

Steines, who joined the faculty in 1978 and also serves as counsel to Cooley, is the author of the casebook International Aspects of U.S. Income Taxation as well as articles on corporate, partnership, and international tax issues. A former editor-in-chief of the Tax Law Review, he has provided expert testimony on tax-related controversies and instructed IRS employees. Steines, apart from working on the forthcoming eighth edition of Federal Income Taxation of Corporations and Shareholders, will prepare regular updates to the book.

Adjunct Professor Stephen Gardner (LL.M. ’65) applauded the selection of Steines as the new author, saying, “He will bring both his vast experience in corporate taxation and his extensive collaboration with Jim Eustice to the maintenance of this unparalleled work.”

Posted on December 8, 2011