In today’s business and political climate, tax experts are in demand for their knowledge and confidence in navigating a constantly changing and increasingly complex environment. Our Master of Science in Taxation program meets this demand head-on with a sharp focus on preparing tax experts who are ready to step up and put their expertise into action.

What are you waiting for?

Does this sound like you? You know that your career in tax would benefit from a deeper dive into technical skills and regulations, since tax laws are always evolving. You’re looking for advanced skills, such as tax research, to further your career and improve your effectiveness and efficiency.

Full speed ahead on your career.

The Full-Time MS in Taxation program is designed for someone like you. This program is ideal for those with an accounting or tax background seeking career progression as advisers and consultants, executives in public and private enterprises, and leaders in the field of taxation. You will forge relationships that strengthen your all-important network as you discuss current tax challenges with renowned faculty and other tax professionals, engaging in discussions that go beyond the textbook into real world applications.

To speak to an enrollment advisor about the Full-Time MS in Taxation program, schedule an appointment.


Program Details

Our MS in Taxation program requires 30 credits; 15 credits from required courses and 15 credits from elective courses. The required core courses help you build the foundational knowledge required for the elective courses so you will complete these first. You may opt to select one MBA class as an elective.

A typical course schedule for a full-time student would be to take four courses each term. Some of the electives offered in the January term run on an abbreviated calendar to accommodate the work schedules of your working professional classmates. Therefore, many full-time students enroll in a combination of MS in Taxation courses and an MBA elective this term. This is particularly important for international students in order to maintain visa eligibility.

Required Full-Time MS in Taxation Courses

Provides an in-depth study of the tax issues related to the corporate form and the corresponding tax implications for its shareholders. Given the importance of corporations in the federal income tax system, an understanding of the tax issues related to this type of business is essential for tax professionals. Topics include capital formation and structure, the operations of the corporation, distributions, dividends and redemptions, sales and liquidations, and taxable and tax-free reorganizations.
ACCT 6231 | 3 credits
Focuses on the study of the taxes common to the transfer of property and wealth. Topics include gift tax deductions and exclusions, estate valuation, state tax deductions and exemptions, and tax rates. Also explores planning opportunities for these wealth transfer taxes. Students who do not meet course prerequisites or restrictions may seek permission of instructor.
ACCT 5232 | 3 credits
Gives a broad examination of tax authority as it guides action on tax issues including personal and business decisions. Examines the tax structure with a specific focus on the income and expenses for individual taxpayers. Emphasizes property transactions (including the calculation of basis, gain/loss, and the resulting tax treatment). Also incorporates tax planning and research related to these issues. Students who do not meet course prerequisites or restrictions may seek permission of instructor.
ACCT 5230 | 3 credits
Provides an in-depth study of the tax issues related to one of the central flow-through entities, the partnership. The increasing popularity of flow-through entities as an organizational form has made an understanding of the tax issues related to this type of entity an important area of study for tax professionals. Topics include capital formation, operations, transactions between the partner and the partnership, distributions, sales of partnership interests, and liquidation of the partnership.
ACCT 6235 | 3 credits
Investigates the procedures used in dealing with the Internal Revenue Service, with an emphasis on practitioner responsibilities. Reviews the organization of the IRS, filing requirements, appeal procedures, civil/criminal statutes, assessments, and protests. Also examines a study of the value and moral judgments inherent in the field of taxation including client confidentiality, disclosure of false or misleading information, and advice counter to the law or public good.
ACCT 6234 | 1.5 credits
Investigates the procedures used in dealing with the Internal Revenue Service, with an emphasis on practitioner responsibilities. Reviews the organization of the IRS, filing requirements, appeal procedures, civil/criminal statutes, assessments, and protests. Also examines a study of the value and moral judgments inherent in the field of taxation including client confidentiality, disclosure of false or misleading information, and advice counter to the law or public good.
ACCT 6223 | 1.5 credits

Elective Full-Time MS in Taxation Courses

Complete 15 credits hours from the following:

Offers an in-depth look at the tax consequences of businesses formed as flow-through entities (including partnerships, S corporations, and LLCs). Discusses allocation rules, liability sharing rules, disguised sales rules, partnership debt workouts, the S corporation election, and tax treatment of shareholders in an S corporation.
ACCT 6243 | 3 credits
Offers an in-depth examination of selected issues and problems in accounting that are of current interest to faculty and students. Specific topics alternate depending on faculty availability and interest as well as student enrollment criteria.
ACCT 6260 | 3 credits
Offers an in-depth examination of selected issues and problems in accounting that are of current interest to faculty and students. Specific topics alternate depending on faculty availability and interest as well as student enrollment criteria.
ACCT 6262 | 1 credit
Surveys insurance products used for financial planning. Topics include life, accident, health, disability, long-term care, homeowner, auto, and personal liability, with emphasis on personal risk management and the use of insurance products in the financial planning process.
ACCT 6250 | 3 credits
Surveys the investment products that can be used for financial planning. Emphasis is on constructing the investment plan, the investment policy statement, the asset allocation strategy, and implementation recommendations.
ACCT 6249 | 3 credits
Investigates the accounting treatment accorded current and deferred income tax liabilities and expenses. Topics include accounting methods and periods (particularly in cases where the accounting and tax records differ), special elections available to taxpayers, installment reporting, inventory methods, long-term contract accounting, and cash vs. accrual reporting.
ACCT 6238 | 1.5 credits
Examines the general rules for the taxation of estates and trusts. Topics include trusts that distribute current income only, grantor trusts, irrevocable trusts, charitable vehicles, income in respect of a decedent, estates and trusts that may accumulate income or may distribute corpus, and treatments of excess distributions and beneficiaries.
ACCT 6248 | 3 credits
Addresses the taxation of foreign individuals or corporations receiving income from sources, or conducting business, in the United States. With the globalization of the economy, a greater number of taxpayers must consider the impact of international taxation. Topics include the sourcing of income, taxation of passive income, taxation of income connected to a U.S. trade or business, branch-level taxes, issues of foreign-owned U.S. corporations, income tax treaties, and transfer pricing.
ACCT 6240 | 3 credits
Examines the federal taxation of U.S. individuals receiving income from sources or conducting business in foreign jurisdictions. An increase in the number of U.S. individuals and corporations operating in other countries has enhanced the importance of an understanding of international transactions for tax professionals. Examines sourcing of income, allocation and apportionment of deductions, foreign tax credits, taxation of U.S. citizens and residents abroad, controlled federal corporations, passive foreign investment companies, foreign currency translations and transactions, and special entities.
ACCT 6241 | 3 credits
Examines strategies for maximizing personal goals (including probate avoidance, tax minimization, and asset protection) related to property passed from one generation to another. Emphasis is on wills and other vehicles for estate planning; the principles of estate taxation; the impact of employee benefits, trusts, and their taxation; and life insurance policies and associated annuities.
ACCT 6264 | 1.5 credits
Examines the tax impact of the transfer of stock, securities, and property in connection with acquisitions, divestitures, and other business ownership changes. Topics include the taxability of the transactions, the basis of property exchanged, corporate liquidations, tax attributes available to successors of an interest, and the overall impact to both the acquirer and the acquiree. Also discusses planning for the optimization of tax benefits.
ACCT 6236 | 1.5 credits
Examines employee benefit plans including requirements for qualification, funding, coverage, and distribution requirements. Discusses a variety of plans including pension, profit-sharing, CODAs, IRAs, SEPs, TSAs, and stock plans.
ACCT 6246 | 3 credits
Addresses the most common types of taxes imposed by state and local governments. Examines state and local income, sales, excise, property, and city taxes. Emphasis is on the underlying principles governing the application of each type of tax and the interrelationships where they exist.
ACCT 6239 | 3 credits
Investigates the reporting of uncertain positions and accounting treatment accorded current and deferred income tax liabilities and expenses. Topics include accounting for uncertain tax positions, accounting methods and periods (particularly in cases where the accounting and tax records differ), special elections available to taxpayers, installment reporting, inventory methods, long-term contract accounting, and cash vs. accrual reporting.
ACCT 6265 | 3 credits