Taxation (M.S.)

Program Description

Program Director: D.K. Malhotra

The M.S. in Taxation is geared to practicing accountants in the fields of public, corporate and governmental accounting, and to lawyers, financial managers and planners who need extensive information and formal study in taxation. The program is practitioner-focused and is strongly linked to business practice. Outstanding faculty members bring the highest level of expertise into the classroom.

Students select courses from an innovative and state-of-the-art curriculum. Computer applications are integrated in the total curriculum where appropriate. All courses are taught based on the most up-to-date tax laws, and the implications of proposed changes in tax legislation are discussed.

Students may take courses toward the degree or as Continuing Professional Education (CPE) credits to meet bi-annual state CPE requirements to maintain their C.P.A. license or to enhance their expertise in a specific topic.

Program Learning Outcomes 

Students will be able to:

  • Identify key tax issues, research and effectively communicate the results.
  • Articulate essential tax principles and specific IRS practices and procedures.
  • Select and structure a business entity that will provide a client with maximum after-tax profits.
  • Effectively represent a client in a tax audit.
  • Articulate professional ethical responsibilities and recognize and remediate potential ethical dilemmas.
  • Provide an individual with an integrated current and future tax benefits plan.

Course Requirements

The M.S. Taxation program varies from 30 credits to 37.5 credits.  Most students receive some measure of Advanced Standing at the point of admission based on prior learning, experience and demonstrated skills or competencies.  Students without business backgrounds take business essentials courses (indicated by an * below) so they can learn and participate at the same high level as those with existing knowledge. The business essentials courses are assigned in consultation with the program director.  Please consult the program director in order to determine your individual course sequence and credit length.

M.S. Taxation Core Courses

Course Number Course Title Credits
iMBF-503* Foundations of Economic Analysis 3
iMBF-504* Introduction to Financial and Managerial Accounting 1.5
iMBF-511* Decision Making in Legal Environment of Business 3
TAX-660 Individual Taxation 3
TAX-662 Corporation Taxation 3
TAX-664 Tax Research 3
TAX-765 Taxation of Flow-Through Entities 3
TAX-793 State and Local Taxation 3
TAX-795 Estate and Gift Taxation 3
Total Core Credits 18-25.5
Electives Minimum of four, 3-credit-hour elective courses in Taxation 12
Total Program Credits 30-37.5

* Qualified students may receive Advanced Standing waivers for these courses based on prior learning, experience and demonstrated skills or competencies.