The Accelerated MST for CPAs program consists of up to ten courses: seven taxation core courses and three elective courses.
3.00
This first course in taxation concentrates on the federal income taxation of individuals with some discussion of business taxation. The objective of the course is to explore the basic structure of individual income taxation, including the individual tax formula, income, deductions and credits and an introduction to property transactions. A major emphasis is placed on how tax laws affect everyday personal and business decisions.
MBA Tax
3.00
Tax research methods, including identifying and defining tax questions, locating appropriate authority, and interpreting statutes, cases and rulings. Effective communication of research findings and recommendations, and proper administration, ethics and responsibilities of tax practice are emphasized in this course.
MBA Tax
TAX 801 and TAX 861
3.00
Concepts, principles and practices of taxation of corporations and their shareholders. The effects of taxation on corporate formation, capital structures, distribution and liquidation are covered.
MBA Tax
TAX 801 and TAX 861
3.00
Concepts, principles and practices of taxation of partnerships and S-corporations, including the use of pass-through entities for tax planning.
MBA Tax
TAX 801 and TAX 861
3.00
Strategies of tax practice before the Internal Revenue Service. Topics covered include tax deficiencies, assessments, claims for refunds, rulings, statutes of limitation, and penalties.
MBA Tax
TAX 801 and TAX 861
3.00
Concepts, principles and practices of taxation of decedents estates, trusts and lifetime gifts. Topics covered include valuation of property subject to estate and gift taxes, and the use of trusts for tax planning.
MBA Tax
4 TAX prefix courses, including Tax 801 and 861
3.00
Policy considerations in the development of proposed tax legislation are covered. Tax policy issues are examined in relation to empirical, political and legal studies. Throughout the course the tax legislative process is explored.
MBA Tax
TAX 801
3.00
Further consideration of tax issues as they affect the sole proprietor, including the Alternative Minimum Tax, nontaxable exchanges, basis rules and passive activities.
MBA Tax
TAX 801 and TAX 861
3.00
U.S. taxation of foreign sources of income. Topics covered include analysis of tax treaties, source of income rules, foreign tax credit, controlled foreign corporations, Foreign Sales Corporations, transfer pricing in multinational corporations, and translations of foreign currencies.
MBA International Business,MBA Tax
TAX 801 and TAX 861
3.00
The interrelationships between the federal and state taxation systems are covered. Problems such as revenue generation and residency issues are examined. Using federal adjusted gross income as a focal point, and its effect on state revenues, excise taxes, general sales taxes and inheritance taxes are studied.
MBA Tax
TAX 862
3.00
Tax-free and taxable acquisitions/reorganizations in relation to various acquisitive and reorganizational transactions are examined as well as consolidated returns. Topics covered include continuity of enterprise and interest issues in conjunction with the tax treatment accorded a transaction as well as carryover, basis and compliance provisions.
MBA Tax
TAX 801 and TAX 861
3.00
Topics covered include use of living trusts, joint ownership, life insurance, charitable dispositions, inter vivos gifts, and the marital deduction. Problem areas discussed include the valuation and disposition of closely held businesses. Students participate in class discussions and are required to submit a written estate plan for a hypothetical client.
MBA Tax
TAX 801 and TAX 861
3.00
Concepts, principles and practices of income taxation of decedents estates and trusts. Topics covered include grantor trusts, charitable trusts and income in respect of a decedent.
MBA Tax
TAX 801 and TAX 861
3.00
Tax and non-tax issues are studied in the formation of tax exempt organizations. Feeder organizations and unrelated business taxable income are covered in depth. Other topics covered include loss of tax exempt status and ceiling limitations on gift giving.
MBA Tax
TAX 801 and TAX 861
3.00
Topics covered include legal, economic, cash flow, tax, investment and insurance ramifications of life and death. Emphasizes tools and techniques necessary to maximize benefits generated from net worth, cash flow and employment and minimize the loss resulting from unforeseen contingencies, death and retirement. Students participate in class discussions and are required to submit a written financial plan for a hypothetical client.
MBA Tax
1.00- 3.00
Independent study in Taxation
MBA Tax
Any other 800-level course offered in the Sawyer Business School, or any other advanced elective with the approval of the Director of Graduate Programs in Taxation.
