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Taxation

Program Description

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

Foundation courses serve as prerequisites for entrance into the taxation program for individuals who have not had equivalent coursework at the undergraduate or graduate level. 

Foundation Courses

iMBF-503 Foundations of Economic Analysis

3 credits

iMBF-504 Introduction to Financial and Managerial Accounting 1.5 credits
iMBF-511 Decision-Making in the Legal Environment of Business 3 credits

Students with satisfactory equivalent undergraduate or graduate records may have some or all of these foundation courses waived. To be exempt from the foundation courses, the following criteria must be met:

Grades of “B-” or better in undergraduate equivalents. Waived courses are to be determined by the Taxation Program Director.
Seven-year time limit between date of matriculation into the M.S. in Taxation program and time when undergraduate course was taken.
Undergraduate equivalents must be from an accredited university or college.

Upon successful completion (or waiver) of the foundation courses, students enroll in the core courses of the M.S. in Taxation program. The foundation courses must be completed or waived before enrolling in core courses.

Core Courses

TAX660 Individual Taxation
TAX662 Corporation Taxation
TAX664 Tax Research
TAX765 Taxation of Flow-Through Entities
TAX793 State and Local Taxation
TAX795 Estate and Gift Taxation

TOTAL: 18 Credits



Electives
12 Credits

(A minimum of four elective courses in taxation.)

TOTAL CREDIT HOURS: 30 Credits