This M.S. in Taxation curriculum builds upon your professional knowledge base in taxation, providing you with the advanced theoretical and technical knowledge you need to research tax questions, develop tax-planning strategies, and facilitate compliance in a leadership role.
The online program consists of 31 credit hours of taxation courses:
- Core courses: 10 credit hours
- Elective courses: 21 credit hours
TAX 600 Tax Research and Writing (1 credit hour)
This course concentrates on the skills needed to research tax questions and considers the sources of the federal tax law, including legislative, administrative, and judicial explanations and interpretations.
TAX 603 Corporate Taxation (3 credit hours)
This course provides an intensive study of the choice of business organizations, corporate stockholder transactions, tax accounting, and special types of corporations.
TAX 612 Partnerships and Partners (3 credit hours)
Prerequisites: TAX 610/equivalent. This course provides a study of the uses, formation, operation and termination of partnerships, including family partnerships.
TAX 691 Research Project (3 credit hours)
Prerequisite: TAX 600 or equivalent. Taken in student’s last 12 credits. This course offers an opportunity to research and write about a current and relevant topic in taxation, resulting in an article of publishable quality.
TAX 605 Internship in Taxation (3 credit hours)
Prerequisite: TAX 603/TAX 610/TAX 635 equivalent. This course provides students with the opportunity to develop tax skills in an actual work setting outside the classroom. A research paper, a journal of accomplishments, and employer evaluations are required.
TAX 610 Individual Tax Planning (3 credit hours)
Prerequisites: None. This course examines how to determine taxable income, including coverage of income, exclusions, deductions, and credits.
TAX 611 Tax Planning for High Net-Worth Individuals (3 credit hours)
Prerequisites: TAX 610/equivalent. This course examines income and estate tax planning for wealthy individuals, dealing with passive activities (tax shelters); the use and limitations of qualified plans; investment planning (asset allocation); life, disability and liability insurance exposures; and retirement and estate planning.
TAX 631 Corporate Distributions, Liquidations and Reorganizations (3 credit hours)
Prerequisites: TAX 603/TAX 635/equivalent. This course provides a study of the tax aspects of corporate-stockholder relationships, tax-free re-organizations, liquidations, parent-subsidiary transactions, and corporate distributions.
TAX 643 State and Local Income Taxation (3 credit hours)
Prerequisites: None. The course examines state and local corporate and individual income taxes and how several selected state tax systems interact with federal taxation systems. It analyzes the nexus of in-state business activity that requires state tax filings, including the general requirements to start a business in a particular state, the financial impact of state income taxation systems on the provision for taxes, and the knowledge necessary to properly comply with interstate filings and interacting federal compliance tax laws. In addition, the student will learn how to deal with the ethical and social issues that regularly confront taxpayers in interstate commerce transactions.
TAX 651 International Taxation I (3 credit hours)
Prerequisite: TAX 603/TAX 635/equivalent. This course analyzes the impact of the U.S. tax system in two areas: (a) U.S. persons investing or operating abroad, and (b) foreign persons investing or operating in the United States. Topics include source rules for income and deductions, definitions of U.S. and foreign persons, an introduction to outbound international taxation, and controlled foreign corporation provisions.
TAX 653 Global Taxation Systems (3 credit hours)
Prerequisite: TAX 603/TAX 635/equivalent. This course analyzes taxation models and methods used to finance government expenditures. Taxation systems studied include income taxes, such as the current federal, state, and local income taxes and flat and gross income taxes; consumption taxes such as sales, use, excise, and a variety of other transaction taxes; transfer taxes such as estate, gift, and inheritance taxes; value-added taxes; and property taxes.
TAX 654 Transfer Pricing (3 credit hours)
Prerequisite: TAX 603/TAX 635/TAX 655/equivalent. This course analyzes the complexities of transfer pricing by focusing on the impact of both the U.S. and the OECD transfer pricing systems among related entities. Transfer pricing is the valuation of domestic and cross-border transactions between units of a multinational enterprise (MNE). Topics include: the arm’s length standard, the U.S. and OECD rules and procedures, and transfer pricing audits.
TAX 662 Real Estate (3 credit hours)
Prerequisite or Co-requisite: TAX 610/equivalent. This course examines the tax issues and planning opportunities encountered in the acquisition, operation, and disposition of real property.
TAX 663 Financial Products (3 credit hours)
Prerequisite or Co-requisite: TAX 610/equivalent. This course examines the tax issues relating to financial products, including debt and equity securities, mortgage-backed securities, derivatives, and foreign exchange contracts.
TAX 681 Tax Accounting (3 credit hours)
Prerequisite: TAX 603/TAX 610/TAX 635/equivalent. This course examines the difference between the government rules required to compute tax liability and those required by the accounting profession to reflect the financial condition of a business.
TAX 683 Practice and Procedure (3 credit hours)
Prerequisite: TAX 603/TAX 610/TAX 635/equivalent. This course examines the procedures to resolve disagreements—both pre- and post-audit—with the Internal Revenue Service.