Curriculum: MS Taxation

December 10, 2022
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January 09, 2023

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curriculum icon Curriculum at a Glance

For the MS in Taxation online, the 30 hour curriculum includes 16 semester credit hours of required tax courses that span topics related to corporate, individual and other entity structures and 14 semester credit hours of electives to satisfy degree requirements. All courses are 2 credit hours and run 7 weeks. Please note, this is subject to change based on university discretion.

For conditionally admitted students that need to complete basic business knowledge (BBK) coursework, your academic adviser will share the courses chosen for your specific needs. Topics covered in BBK courses for MS Taxation include Economics, Management, Finance and Accounting.

To register for these courses, students should be enrolled in the College of Business and enrolled in one of the following programs: Masters of Science, Doctoral or a Graduate Certificate.

Students may be able to selectively substitute elective courses to match specific career interests, subject to the approval of the Program Director.

Course Title / Description Credit
ACCT 8023
MS in Taxation Core Course: Individual Tax: Structure
Course: ACCT 8023
Credit: 2

Examines topics in the area of individual federal income taxation including, but not limited to: income (active, passive, portfolio), adjustments to income, adjusted gross income (AGI) and deductions limited by AGI, personal exemptions, filing status, itemized deductions, taxable income and the regular income tax calculation.

2
ACCT 8043
MS in Taxation Core Course: Individual Tax: Special Topics
Course: ACCT 8043
Credit: 2

Examines advanced topics in the area of individual federal income taxation including, but not limited to: property transactions, minimum tax, investment interest expense limitations, charitable contributions, property settlements and tax shelters.

2
ACCT 8031
MS in Taxation Core Course: Corporate Tax: Formation & Structure
Course: ACCT 8031
Credit: 2

Covers the Federal income tax consequences of the creation and operation of a C corporation with a detailed treatment of corporate nonrecognition rules for asset transfers to new and existing corporations. Various planning techniques are explored to minimize Federal income tax during the incorporation and capitalization phases. Practical aspects of corporate tax computations and tax return preparation issues. Special corporate taxes imposed against C corporations are also examined. (Credit cannot be earned for both ACCT 6072 and ACCT 8031.)

2
ACCT 8032
MS in Taxation Core Course: Corporate Tax: Life Cycle Strategies
Course: ACCT 8032
Credit: 2

Exploration of the distributions that corporations may make during their life cycle, from a federal income taxation perspective. Coverage of specific concepts and principles contained in Subchapter C of the Internal Revenue Code of 1986, as amended. Also coverage of relevant provisions contained in U.S. Treasury Regulations, decisions of the U.S. Tax Court, decisions of other federal judicial cases and Internal Revenue Service administrative pronouncements. Specific emphasis is also placed on advanced planning to minimize federal income tax liabilities.

 

2
ACCT 8033
MS in Taxation Core Course: Corporate Tax: Attributes & Operational Considerations
Course: ACCT 8033
Credit: 2

Concentrates on the tax principles and laws involving the survival and transfer of corporate tax attributes, allocations between affiliated corporations, abusive tax shelters, statutory limitations with net operating losses and capital losses, acquisitions to evade or avoid federal income taxes, and limits on using pre-acquisition losses to offset built-in gains.

Covers the specific concepts and principles contained in Subchapter C of the Internal Revenue Code of 1986, as amended. Covers relevant provisions contained in U.S. Treasury Regulations Decisions of the U.S. Tax Court, decisions in other federal judicial cases and Internal Revenue Service administrative pronouncements. Specific emphasis is also placed on advanced planning to minimize federal income tax liabilities.

 

2
ACCT 8041
MS in Taxation Core Course: Taxation of Subchapter S Corporations
Course: ACCT 8041
Credit: 2

Investigation of the Federal income taxation of a specialized class of corporation known as an S corporation. Detailed examination of the shareholder and corporate quality and quantity rules required to make an S corporation election. A review of election mechanics and election revocation rules and the determination of the items that are identified on the S corporation tax return and passed through to its shareholders. Covers shareholder basis rules that are important in determining shareholder tax consequences. Introduction of entity level taxes along with planning techniques used to minimize the Federal income tax impact of these entity level taxes.

 

2
ACCT 8080
MS in Taxation Core Course: Federal Tax Research: Individuals
Course: ACCT 8080
Credit: 2

This course provides MS Tax students with an in-depth coverage of proper tax research procedures, a survey of the sources of authority, both primary and secondary, and application to practical situations. Students will discuss, research and write about a variety of individual tax issues, ones that don’t require any prior knowledge of individual tax. In addition to individual tax research, students will study issues related to working with the IRS.

2
ACCT 8090
MS in Taxation Core Course: Federal Tax Research: Corporations
Course: ACCT 8090
Credit: 2

This course provides students with an in-depth coverage of proper tax research procedures, a survey of the sources of authority, both primary and secondary, and application to practical situations. Students will discuss, research and write about a variety of corporate tax issues, ones that don’t require any prior knowledge of corporate tax. In addition to corporate tax research, students will study issues related to tax planning and tax practice.

 

2
ACCT 8030
Elective: Partnership Taxation
Course: ACCT 8030
Credit: 2

Income tax consequences of the formation, operation and termination of a partnership; partnership distributions; sale of a partnership interest; and withdrawal from a partnership.

 

2
ACCT 8036
Elective: International Taxation: Overview
Course: ACCT 8036
Credit: 2

Study of the federal income tax provisions applicable to foreign income of U.S. citizens, residents and corporations as well as foreign persons with U.S. income.

 

2
ACCT 8037
Elective: Consolidated Tax Returns
Course: ACCT 8037
Credit: 2

This course covers the federal tax treatment of consolidated groups. It will cover the qualifications to be considered a consolidated group, as well as intercompany transactions, loss disallowance rules, limitations regarding the utilization of “purchased” net operating losses, carryovers of NOL’s and other attributes related to NOL’s. Additional topics will include planning opportunities unique to consolidated groups as well as stockbasis calculations and elections that are available to consolidated groups.

 

2
ACCT 8039
Elective: International Taxation: Special Topics
Course: ACCT 8039
Credit: 2

Addresses U.S. tax issues associated with doing business outside the U.S. U.S. Multi-national companies face a complex system of tax compliance and this course will explore some of these issues.

2
ACCT 8042
Elective: IRS Practice & Procedure
Course: ACCT 8042
Credit: 2

An extensive study of the organization of the Internal Revenue Service with an emphasis on the practices and procedures available to and used by the Service in its daily dealings with the taxpaying public.

2
ACCT 8044
Elective: State and Local Taxation
Course: ACCT 8044
Credit: 2

Examines the structure of state and local laws involving property, sales and use, franchise and corporate income taxes of the firm operating in either a single or multi-jurisdictional environment.

2
ACCT 8046
Elective: Estate and Gift Taxation
Course: ACCT 8046
Credit: 2

Intensive study of federal taxation of estates and transfer of property rights by gift. Determination of the gross estate, taxable estate, taxable gift and gift tax.

2
ACCT 8093
Elective: Accounting for Income Taxes
Course: ACCT 8093
Credit: 2

The purpose of the course is to provide students with comprehensive coverage of the requirements and planning issues related to accounting for income taxes. We will cover the preparation of tax provisions of varying complexity and discuss the financial reporting and tax aspects of this complex process. We will also analyze published financial statements to explore how well companies adhere to the requirements of FAS 109.

2
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