Tax experts are consistently in demand for their knowledge and confidence in navigating a constantly changing and increasingly complex environment. Specializing in tax accountancy means gaining skills in tax planning and insight into the tax consequences of business and personal transactions. Whether your long-term goal is to work for a Big 4 accounting firm or set up shop as an independent tax accountant, our Tax Concentration will provide you with the context you need to launch a career in this specialized field.

In the Tax Concentration, we will help you get ready for a career where you will perform tax advising and compliance for corporations, partnerships, estates, nonprofits, and individuals. You will learn how to navigate local, state, and federal tax codes and how they affect a myriad of financial decisions.

You will take classes designed to expose you to the intricacies of the tax industry with coursework that provides experience in tax research and communications, federal, state and local taxation, income tax accounting, and international tax considerations.

Considering the Tax Concentration? Here’s What You Should Know.

The Tax Concentration is ideal for the individual who enjoys research and problem-solving. A career in tax may either involve working directly with individual and business clients or working in a corporate setting managing taxes for a company. In this career, your overarching mission would be to help your clients, whether businesses or individuals, to make sure they are optimally structuring transactions and meeting their legal obligations. You will have responsibilities such as researching the application of new and existing tax laws, advising on the tax implications of business decisions, recommending tax strategies, preparing and reviewing financial statement tax disclosures, filing tax forms, and communicating with tax agencies and clients. For this reason, a tax professional is ideally creative, detail-oriented, efficient, analytical, and skilled with research and communications.

Concentration Details

To earn an MS in Accounting with a concentration in Tax, you must complete the MS in Accounting core curriculum and fifteen additional credits of concentration-specific coursework.

Required Tax Concentration 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

Elective Tax Concentration Courses

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

The curriculum is subject to change by D’Amore-McKim faculty. Please monitor for updates.