The constantly evolving field of taxation offers incredible career opportunities for agile thinkers, diligent researchers, and natural problem-solvers. In this track, you’ll build deep expertise on taxation at all levels of government, a firm grasp of new technologies shaping the industry, and an intuitive understanding of how to navigate regulatory environments here and abroad.
An MS in Accounting degree with a focus in Tax can prepare you for a rewarding career at a leading accounting firm or as an independent business owner.
In addition to the required core curriculum for the MS in Accounting, you’ll also take three required tax courses during the summer term and two elective courses in the fall.
To earn an MS in Accounting with a track in Tax, you must complete the MS in Accounting core curriculum (15 credits) and nine additional credits of track-specific coursework. Your remaining six credits will be open electives.
Required Tax Courses
Requires students to research and analyze auditing issues by using quantitative and/or qualitative research methods. Offers students an opportunity to learn how to more effectively communicate those findings in a professional format.
ACCT 6254 | 3 credits
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
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
Complete 6 credit hours from the following:
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 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
Offers an overview of occupational fraud and the methodology of fraud examination (i.e., obtaining documentary evidence, interviewing witnesses and potential suspects, writing investigative reports, testifying to findings, and forensic document examination). Offers students an opportunity to learn how to detect the most common types of occupational fraud, determining how each type of fraud is committed, and implementing prevention strategies. Students who do not meet course prerequisites or restrictions may seek permission of instructor. ACCT 5255 | 3 credits
Offers an overview of the internal audit function and explores the duties and responsibilities of the internal auditor. Offers students an opportunity to learn about the planning and organizing of an internal audit department and its coordination with an outside auditor as well as to learn to analyze how the design of an internal control auditing process can reduce risk exposure and enhance internal controls. Students who do not meet course prerequisites or restrictions may seek permission of instructor. ACCT 5256 | 3 credits
The curriculum is subject to change by D’Amore-McKim faculty. Please monitor for updates.