Taxation

Master of Science in Taxation (MST)

Learn more about this degree

MST Curriculum

11-13 Courses
31-37 Credits

Program Length
Full-time in as few as 9 months
Part-time in as few as 21 months

Required Introductory Course (1 credit)

Must be taken on campus in first semester of program.

Credits:

1.00

Description:

SBS 700 is the first required course in Suffolk's graduate programs. The course is based on the precepts of experiential learning. Based on the idea that people learn best by participating in meaningful activities, this course provides students with the opportunity to learn about and experience first-hand the many complexities of business and the role of top managers. To accomplish this, students will work in small groups as they take on the roles of top managers in a hands-on behavioral simulation.

Accounting Preparation Courses (6 credits)

May be waived.

Credits:

3.00

Description:

This introductory-level accounting course provides students with a solid base in accounting fundamentals, including U.S. GAAP, the conceptual framework, nature of accounts, journal entries, and ultimately, financial statements. Provides in-depth coverage of the process by which accountants analyze, journalize, post, and summarize transactions. Reviews and analyzes multiple examples of current "real life" financial statements. The students would practice data analytics through the analysis of companies' financial ratios. The course includes a discussion of ethical issues facing accounting professionals and time value of money techniques. For MSA, GCA, & MST students, this is the first course in the financial accounting sequence. For MBA students, this potential elective course builds upon concepts learned in MBA 640.

Prerequisites:

ACCT-800 or MSA Program Director permission

Credits:

3.00

Description:

This is the first of two intermediate-level accounting courses that build on students' learning in ACCT 800, going in-depth into measurement and reporting of asset, liability, and stockholders' equity accounts for external financial reporting purposes. Discusses pronouncements of authoritative sources such as the SEC, AICPA, and the FASB. Introduces students to IFRS and their similarities to and differences from U.S. GAAP. Develops strong critical thinking and problem-solving skills.

MST Core Courses (15 credits)

If a course is marked "must substitute," select an elective following the rules outlined in the Elective Courses section.

Credits:

3.00

Description:

Focuses on the federal income taxation of individuals with some discussion of business taxation. Explores the basic structure of individual income taxation, including the individual tax formula, income, deductions, and credits, and provides an introduction to property transactions. Emphasizes how tax laws affect everyday personal and business decisions.

Credits:

3.00

Description:

Covers tax research methods, including identifying and defining tax questions, locating appropriate authority, and interpreting statutes, cases, and rulings. Emphasizes effective communication of research findings and recommendations, and proper administration, ethics and responsibilities of tax practice.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Introduces concepts, principles and practices of taxation of corporations and their shareholders. Covers the effects of taxation on corporate formation, capital structures, distribution and liquidation.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Presents concepts, principles, and practices of taxation of partnerships and S-corporations, including the use of pass-through entities for tax planning.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Explores strategies of tax practice before the Internal Revenue Service. Covers tax deficiencies, assessments, claims for refunds, rulings, statutes of limitation, penalties, interest assessed, and appeals.

Capstone Course (3 credits)

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Examines the history and evolution of the tax policy and budget process in the United States and the players in that process. Considers the issues of fairness, simplicity and efficiency in the context of the current tax system and evaluating past and current tax policy to make recommendations to craft new policy. Emphasizes the ethical dimensions involved in the tax policymaking process.

Elective Courses (12 credits)

At least one of the four (4) electives must be TAX. The other electives may be TAX but they can also be any 800-level or higher courses, or select MBA 700-level courses, offered in the Sawyer Business School. If a student received any "must substitute" under the MST Core Courses section of this document, the additional electives must be TAX.The MS in Taxation Program offers a large firm or a small firm "track" to help a student customize their degree. View course offerings by track below.

 

MST Elective Tracks

The MS in Taxation Program suggests two different elective "tracks" to help you customize your degree to meet your career goals. You can follow one of the tracks listed below or create your own.

Large Firm Track

Students planning to work in large multinational or multi-state firms should consider these electives.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Presents further consideration of tax issues as they affect the sole proprietor, including the Alternative Minimum Tax, nontaxable exchanges, basis rules, and passive activities.

Prerequisites:

TAX-801 and TAX-861 or approval of the MST Director

Credits:

3.00

Description:

This course studies the U.S. taxation of U.S. persons with non-U.S. income and/or activities. Covers foreign tax credit and foreign tax credit limitation, individuals with earned foreign income, controlled foreign corporations, Subpart F, investment in U.S. property, and transfer pricing. Also address compliance and disclosure requirements.

Prerequisites:

TAX-801 and TAX-861(may be taken concurrently) or approval of the MST Director

Credits:

3.00

Description:

This course strikes a balance between theoretical concepts and practical, real-world issues and covers the interrelationships between the federal and state taxation systems. Includes the coverage of sales and use taxes, corporate income, franchise taxes, and excise taxes.

Prerequisites:

TAX-801 and TAX-862 or approval of the MST Director

Credits:

3.00

Description:

Examines tax-free and taxable acquisitions/reorganizations in relation to various acquisitive and reorganizational transactions as well as consolidated returns. Covers continuity of enterprise and interest issues in conjunction with the tax treatment accorded a transaction, as well as carryover, basis and compliance provisions.

Prerequisites:

TAX-801 and TAX-861 or approval of the MST Director

Credits:

3.00

Description:

Studies U.S. taxation of non-U.S. persons with activities in the United States. Covers source of income, business investment, and financial planning from a tax perspective for non-U.S. persons doing business in the United States. Also addresses withholding, treaty implications, and compliance and disclosure requirements.

Small Firm Track

Students planning to work in local firms, who cater to smaller businesses and individuals, should consider these electives.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Presents further consideration of tax issues as they affect the sole proprietor, including the Alternative Minimum Tax, nontaxable exchanges, basis rules, and passive activities.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Includes a review and analysis, from an estate planning prospective, of legal principles critical to the development of an effective dispositive plan with a primary focus on past, current and proposed Federal tax law principles (under the income, gift, and estate tax statutes) pertinent to the development of a variety of estate plans. In addition, the course includes the discussion of particular estate planning problems and techniques for the purpose of determining the most effective means of achieving the client's goals.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Identifies concepts, principles and practices of the transfer taxation of decedents' estates, trusts and lifetime gifts. Covers valuation of property subject to estate and gift taxes, Generation Skipping Transfer Taxes, and the use of trusts for tax planning.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Presents the 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.

MST Learning Goals & Objectives

Learning Goals Learning Objectives

Demonstrate ability to apply analytical reasoning skills to effectively engage in tax research.

(Analytical Reasoning)

  1. Identify the problem and related issues
  2. Identify key assumptions
  3. Generates salient alternatives
  4. Quality of evidence
  5. Identify conclusions, implications, and consequences

Demonstrate ability to effectively identify and communicate ethical issues related to taxation.

(Ethical Issues Related to Taxation)

  1. Identify conflicts of interests and pressures that could lead to unethical conduct
  2. Understand what kinds of questions are helpful to ask oneself when confronting an ethical dilemma
  3. Demonstrate the ability to identify and take into account the interests of different stakeholders
  4. Understand how business strategies that facilitate “doing good” can be made consistent with profitability
  5. Understand that what is legal may not always be ethical and that what is ethical may sometimes not be legal
  6. Appreciate that ethical norms vary across different countries and cultures

Demonstrate effective oral communication about tax information.

(Oral Communication)

  1. Organize the presentation effectively
  2. Deliver the presentation with attention to volume, clarity, grammatical correctness and precision
  3. Develop the topic
  4. Communicate with the audience
  5. Use communication aids effectively
  6. Summarize the presentation

Demonstrate effective written communication about tax information.

(Written Communication)

  1. Develop a topic with supporting details
  2. Organize written communication effectively and logically
  3. Use correct word choice and effective sentence structure
  4. Employ normal conventions of spelling and grammar
  5. Provide examples and supporting evidence
  6. Communicate accurate quantitative information

Waiver Policy

Accounting Preparation Courses may be waived. MST Core Courses may need to be substituted with an approved elective.

To waive an accounting preparation course, a student must successfully complete equivalent academic coursework at the undergraduate/graduate level at a U.S. university in the seven (7) years prior to MST matriculation, with a grade of “B” or better. To substitute an approved elective for an MST Core Course, a student must have successfully completed equivalent academic coursework at the undergraduate/graduate level in the five (5) years prior to MST matriculation, with a grade of "B" or better. Exception: TAX 801 will only be waived if a student has completed prior coursework at a U.S. university.

Students must provide official transcripts (with English translations, if applicable). All waiver requests are evaluated upon a student's acceptance into the MST Program.

All MST students must complete a minimum of 31 graduate credits (10 courses and SBS 700) in the Sawyer Business School.

Transfer Credit Policy

Any candidate seeking transfer credits, taken at the graduate level from an AACSB-accredited MBA, MSA, MSF, or MST program, will be reviewed on a case-by-case basis. These credits may be considered for transfer if the credits do not apply to a previously completed degree.

Transfer credits must have an earned grade of "B" or better and be taken within five (5) years prior to entering the Suffolk MST program. However, at the discretion of the program director, taxation core courses may not be transferred if the subject material has changed significantly since completion. Elective or taxation core courses may be considered for transfer.

Transfer Credits from the Moakley Center for Public Management’s Certificate Programs

Students who have completed a certificate program through the Suffolk University Moakley Center for Public Management may have an opportunity to reduce credit requirements to an SBS graduate degree program (MBA, MMS, MSA, MST, MHA, MSBA, or MSM). All course waivers and/or transfers vary by program and are reviewed on a case-by-case basis by the respective SBS Graduate Programs Office.

In order for a course to be considered it must meet the following criteria: must have an SBS graduate program course equivalent; received a grade of "B" or better; and successfully completed the certificate prior to enrolling in the SBS graduate degree program.

Applicants must also meet the admission standards for the SBS Graduate degree program to which they are applying.

Accelerated MST for Attorneys

Learn more about this degree

Accelerated MST for Attorneys Curriculum

9-12 Courses
25-34 Credits

Program Length
Full-time in as few as 9 months
Part-time in as few as 16 months

Required Introductory Course (1 credit)

Must be taken on campus in first semester of program.

Credits:

1.00

Description:

SBS 700 is the first required course in Suffolk's graduate programs. The course is based on the precepts of experiential learning. Based on the idea that people learn best by participating in meaningful activities, this course provides students with the opportunity to learn about and experience first-hand the many complexities of business and the role of top managers. To accomplish this, students will work in small groups as they take on the roles of top managers in a hands-on behavioral simulation.

Accounting Preparation Courses (6 credits)

May be waived.

Credits:

3.00

Description:

This introductory-level accounting course provides students with a solid base in accounting fundamentals, including U.S. GAAP, the conceptual framework, nature of accounts, journal entries, and ultimately, financial statements. Provides in-depth coverage of the process by which accountants analyze, journalize, post, and summarize transactions. Reviews and analyzes multiple examples of current "real life" financial statements. The students would practice data analytics through the analysis of companies' financial ratios. The course includes a discussion of ethical issues facing accounting professionals and time value of money techniques. For MSA, GCA, & MST students, this is the first course in the financial accounting sequence. For MBA students, this potential elective course builds upon concepts learned in MBA 640.

Prerequisites:

ACCT-800 or MSA Program Director permission

Credits:

3.00

Description:

This is the first of two intermediate-level accounting courses that build on students' learning in ACCT 800, going in-depth into measurement and reporting of asset, liability, and stockholders' equity accounts for external financial reporting purposes. Discusses pronouncements of authoritative sources such as the SEC, AICPA, and the FASB. Introduces students to IFRS and their similarities to and differences from U.S. GAAP. Develops strong critical thinking and problem-solving skills.

MST Core Courses (12 credits)

May be waived. Total course waivers/transfers cannot exceed three (3) and a minimum of twenty-five credits must be earned at the Sawyer Business School.

Credits:

3.00

Description:

Focuses on the federal income taxation of individuals with some discussion of business taxation. Explores the basic structure of individual income taxation, including the individual tax formula, income, deductions, and credits, and provides an introduction to property transactions. Emphasizes how tax laws affect everyday personal and business decisions.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Introduces concepts, principles and practices of taxation of corporations and their shareholders. Covers the effects of taxation on corporate formation, capital structures, distribution and liquidation.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Presents concepts, principles, and practices of taxation of partnerships and S-corporations, including the use of pass-through entities for tax planning.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Explores strategies of tax practice before the Internal Revenue Service. Covers tax deficiencies, assessments, claims for refunds, rulings, statutes of limitation, penalties, interest assessed, and appeals.

Capstone Course (3 credits)

Should be taken as late in the program as possible.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Examines the history and evolution of the tax policy and budget process in the United States and the players in that process. Considers the issues of fairness, simplicity and efficiency in the context of the current tax system and evaluating past and current tax policy to make recommendations to craft new policy. Emphasizes the ethical dimensions involved in the tax policymaking process.

Elective Courses (12 credits)

At least one of the four (4) electives must be TAX. The other electives may be TAX but they can also be any 800-level or higher courses, or select MBA 700-level courses, offered in the Sawyer Business School. If a student received any "must substitute" under the MST Core Courses section of this document, the additional electives must be TAX.

The MS in Taxation Program offers a large firm or a small firm "track" to help a student customize their degree to meet your career goals. View course offerings by track below.



MST Elective Tracks

The MS in Taxation Program suggests two different elective "tracks" to help you customize your degree to meet your career goals. You can follow one of the tracks listed below or create your own.

Large Firm Track

Students planning to work in large multinational or multi-state firms should consider these electives.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Presents further consideration of tax issues as they affect the sole proprietor, including the Alternative Minimum Tax, nontaxable exchanges, basis rules, and passive activities.

Prerequisites:

TAX-801 and TAX-861 or approval of the MST Director

Credits:

3.00

Description:

This course studies the U.S. taxation of U.S. persons with non-U.S. income and/or activities. Covers foreign tax credit and foreign tax credit limitation, individuals with earned foreign income, controlled foreign corporations, Subpart F, investment in U.S. property, and transfer pricing. Also address compliance and disclosure requirements.

Prerequisites:

TAX-801 and TAX-861(may be taken concurrently) or approval of the MST Director

Credits:

3.00

Description:

This course strikes a balance between theoretical concepts and practical, real-world issues and covers the interrelationships between the federal and state taxation systems. Includes the coverage of sales and use taxes, corporate income, franchise taxes, and excise taxes.

Prerequisites:

TAX-801 and TAX-862 or approval of the MST Director

Credits:

3.00

Description:

Examines tax-free and taxable acquisitions/reorganizations in relation to various acquisitive and reorganizational transactions as well as consolidated returns. Covers continuity of enterprise and interest issues in conjunction with the tax treatment accorded a transaction, as well as carryover, basis and compliance provisions.

Prerequisites:

TAX-801 and TAX-861 or approval of the MST Director

Credits:

3.00

Description:

Studies U.S. taxation of non-U.S. persons with activities in the United States. Covers source of income, business investment, and financial planning from a tax perspective for non-U.S. persons doing business in the United States. Also addresses withholding, treaty implications, and compliance and disclosure requirements.

Small Firm Track

Students planning to work in local firms, who cater to smaller businesses and individuals, should consider these electives.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Presents further consideration of tax issues as they affect the sole proprietor, including the Alternative Minimum Tax, nontaxable exchanges, basis rules, and passive activities.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Includes a review and analysis, from an estate planning prospective, of legal principles critical to the development of an effective dispositive plan with a primary focus on past, current and proposed Federal tax law principles (under the income, gift, and estate tax statutes) pertinent to the development of a variety of estate plans. In addition, the course includes the discussion of particular estate planning problems and techniques for the purpose of determining the most effective means of achieving the client's goals.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Identifies concepts, principles and practices of the transfer taxation of decedents' estates, trusts and lifetime gifts. Covers valuation of property subject to estate and gift taxes, Generation Skipping Transfer Taxes, and the use of trusts for tax planning.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Presents the 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.

Waiver Policy

Accounting Preparation Courses may be waived. MST Core Courses may be waived or substituted with an approved elective. Total course waivers/transfer with credit cannot exceed three (3). All waiver requests are evaluated upon a student’s acceptance into the MST Program and are waived during the student's first semester.

To waive an accounting preparation course, a student must successfully complete equivalent academic coursework at the undergraduate/graduate level at a U.S. university in the seven (7) years prior to MST matriculation, with a grade of “B” or better. To waive or substitute an approved elective for an MST Core Course, a student must have successfully completed equivalent academic coursework at the undergraduate/graduate level in the five (5) years prior to MST matriculation, with a grade of "B" or better. Exception: TAX 801 will only be waived if a student has completed prior coursework at a U.S. university.

Students must provide official transcripts (with English translations, if applicable).

All Accelerated MST for Attorneys students must complete a minimum of 25 graduate credits (8 courses and SBS 700) in the Sawyer Business School.

Transfer Credit Policy

Any candidate seeking transfer credits, taken at the graduate level from an AACSB-accredited MBA, MSA, MSF, or MST program, will be reviewed on a case-by-case basis. These credits may be considered for transfer if the credits do not apply to a previously completed degree.

Transfer credits must have an earned grade of "B" or better and be taken within five (5) years prior to entering the Suffolk Accelerated MST for Attorneys program. However, at the discretion of the program director, MST Core Courses may not be transferred if the subject material has changed significantly since completion. Elective or MST Core Courses may be considered for transfer.

Accelerated MST for CPAs

Learn more about this degree

Curriculum

 

11 Courses
31 Credits

Program Length
Full-time in as few as 9 months
Part-time in as few as 21 months

Required Introductory Courses (1 credit)

Must be taken on campus in first semester of program.

Credits:

1.00

Description:

SBS 700 is the first required course in Suffolk's graduate programs. The course is based on the precepts of experiential learning. Based on the idea that people learn best by participating in meaningful activities, this course provides students with the opportunity to learn about and experience first-hand the many complexities of business and the role of top managers. To accomplish this, students will work in small groups as they take on the roles of top managers in a hands-on behavioral simulation.

MST Core Courses (15 credits)

If a course is marked "must substitute," select an elective following the rules outlined in the Elective Courses section.

Credits:

3.00

Description:

Focuses on the federal income taxation of individuals with some discussion of business taxation. Explores the basic structure of individual income taxation, including the individual tax formula, income, deductions, and credits, and provides an introduction to property transactions. Emphasizes how tax laws affect everyday personal and business decisions.

Credits:

3.00

Description:

Covers tax research methods, including identifying and defining tax questions, locating appropriate authority, and interpreting statutes, cases, and rulings. Emphasizes effective communication of research findings and recommendations, and proper administration, ethics and responsibilities of tax practice.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Introduces concepts, principles and practices of taxation of corporations and their shareholders. Covers the effects of taxation on corporate formation, capital structures, distribution and liquidation.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Presents concepts, principles, and practices of taxation of partnerships and S-corporations, including the use of pass-through entities for tax planning.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Explores strategies of tax practice before the Internal Revenue Service. Covers tax deficiencies, assessments, claims for refunds, rulings, statutes of limitation, penalties, interest assessed, and appeals.

Capstone Course (3 credits)

Should be taken as late in the program as possible.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Examines the history and evolution of the tax policy and budget process in the United States and the players in that process. Considers the issues of fairness, simplicity and efficiency in the context of the current tax system and evaluating past and current tax policy to make recommendations to craft new policy. Emphasizes the ethical dimensions involved in the tax policymaking process.

Elective Courses (12 credits)

At least one of your four (4) electives must be TAX. Your other electives may be TAX but they can also be any 800-level or higher courses, or select MBA 700-level courses, offered in the Sawyer Business School. If you received any "must substitute" under the MST Core Courses section of this document, your additional electives must be TAX.
 

MST Elective Tracks

The MS in Taxation Program suggests two different elective "tracks" to help you customize your degree to meet your career goals. You can follow one of the tracks listed below or create your own.

Large Firm Track

Students planning to work in large multinational or multi-state firms should consider these electives.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Presents further consideration of tax issues as they affect the sole proprietor, including the Alternative Minimum Tax, nontaxable exchanges, basis rules, and passive activities.

Prerequisites:

TAX-801 and TAX-861 or approval of the MST Director

Credits:

3.00

Description:

This course studies the U.S. taxation of U.S. persons with non-U.S. income and/or activities. Covers foreign tax credit and foreign tax credit limitation, individuals with earned foreign income, controlled foreign corporations, Subpart F, investment in U.S. property, and transfer pricing. Also address compliance and disclosure requirements.

Prerequisites:

TAX-801 and TAX-861(may be taken concurrently) or approval of the MST Director

Credits:

3.00

Description:

This course strikes a balance between theoretical concepts and practical, real-world issues and covers the interrelationships between the federal and state taxation systems. Includes the coverage of sales and use taxes, corporate income, franchise taxes, and excise taxes.

Prerequisites:

TAX-801 and TAX-862 or approval of the MST Director

Credits:

3.00

Description:

Examines tax-free and taxable acquisitions/reorganizations in relation to various acquisitive and reorganizational transactions as well as consolidated returns. Covers continuity of enterprise and interest issues in conjunction with the tax treatment accorded a transaction, as well as carryover, basis and compliance provisions.

Prerequisites:

TAX-801 and TAX-861 or approval of the MST Director

Credits:

3.00

Description:

Studies U.S. taxation of non-U.S. persons with activities in the United States. Covers source of income, business investment, and financial planning from a tax perspective for non-U.S. persons doing business in the United States. Also addresses withholding, treaty implications, and compliance and disclosure requirements.

Small Firm Track

Students planning to work in local firms, who cater to smaller businesses and individuals, should consider these electives.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Presents further consideration of tax issues as they affect the sole proprietor, including the Alternative Minimum Tax, nontaxable exchanges, basis rules, and passive activities.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Includes a review and analysis, from an estate planning prospective, of legal principles critical to the development of an effective dispositive plan with a primary focus on past, current and proposed Federal tax law principles (under the income, gift, and estate tax statutes) pertinent to the development of a variety of estate plans. In addition, the course includes the discussion of particular estate planning problems and techniques for the purpose of determining the most effective means of achieving the client's goals.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Identifies concepts, principles and practices of the transfer taxation of decedents' estates, trusts and lifetime gifts. Covers valuation of property subject to estate and gift taxes, Generation Skipping Transfer Taxes, and the use of trusts for tax planning.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Presents the 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.

Waiver Policy

MST Core Courses may need to be substituted with an approved elective. All waiver requests are evaluated upon a student’s acceptance into the MST Program and are waived during the student's first semester.

To substitute an approved elective for an MST Core Course, a student must have successfully completed equivalent academic coursework at the undergraduate/graduate level in the five (5) years prior to MST matriculation, with a grade of "B" or better, and provide official transcripts (with English translations, if applicable). Exception: TAX 801 will only be waived if a student has completed prior coursework at a U.S. university.

All Accelerated MST for CPAs students must complete a minimum of 31 graduate credits (10 courses and SBS 700) in the Sawyer Business School.

Graduate Certificate in Taxation

Learn more about this certificate
 


Curriculum

5 Courses
15 Credits

Program Length
Part-time in as few as 9 months

Required Courses (15 credits)

If a course is marked "must substitute" choose another TAX course. Four (4) of the five (5) courses must be TAX courses. Work with the MST Program Director when choosing courses other than TAX.

Credits:

3.00

Description:

Focuses on the federal income taxation of individuals with some discussion of business taxation. Explores the basic structure of individual income taxation, including the individual tax formula, income, deductions, and credits, and provides an introduction to property transactions. Emphasizes how tax laws affect everyday personal and business decisions.

Credits:

3.00

Description:

Covers tax research methods, including identifying and defining tax questions, locating appropriate authority, and interpreting statutes, cases, and rulings. Emphasizes effective communication of research findings and recommendations, and proper administration, ethics and responsibilities of tax practice.

 

Elective Courses (9 credits)

Work with MST Program Director when choosing courses other than TAX.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Presents further consideration of tax issues as they affect the sole proprietor, including the Alternative Minimum Tax, nontaxable exchanges, basis rules, and passive activities.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Introduces concepts, principles and practices of taxation of corporations and their shareholders. Covers the effects of taxation on corporate formation, capital structures, distribution and liquidation.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Presents concepts, principles, and practices of taxation of partnerships and S-corporations, including the use of pass-through entities for tax planning.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Explores strategies of tax practice before the Internal Revenue Service. Covers tax deficiencies, assessments, claims for refunds, rulings, statutes of limitation, penalties, interest assessed, and appeals.

Prerequisites:

TAX-801 and TAX-861 or approval of the MST Director

Credits:

3.00

Description:

This course studies the U.S. taxation of U.S. persons with non-U.S. income and/or activities. Covers foreign tax credit and foreign tax credit limitation, individuals with earned foreign income, controlled foreign corporations, Subpart F, investment in U.S. property, and transfer pricing. Also address compliance and disclosure requirements.

Prerequisites:

TAX-801 and TAX-861(may be taken concurrently) or approval of the MST Director

Credits:

3.00

Description:

This course strikes a balance between theoretical concepts and practical, real-world issues and covers the interrelationships between the federal and state taxation systems. Includes the coverage of sales and use taxes, corporate income, franchise taxes, and excise taxes.

Prerequisites:

TAX-801 and TAX-862 or approval of the MST Director

Credits:

3.00

Description:

Examines tax-free and taxable acquisitions/reorganizations in relation to various acquisitive and reorganizational transactions as well as consolidated returns. Covers continuity of enterprise and interest issues in conjunction with the tax treatment accorded a transaction, as well as carryover, basis and compliance provisions.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Includes a review and analysis, from an estate planning prospective, of legal principles critical to the development of an effective dispositive plan with a primary focus on past, current and proposed Federal tax law principles (under the income, gift, and estate tax statutes) pertinent to the development of a variety of estate plans. In addition, the course includes the discussion of particular estate planning problems and techniques for the purpose of determining the most effective means of achieving the client's goals.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Identifies concepts, principles and practices of the transfer taxation of decedents' estates, trusts and lifetime gifts. Covers valuation of property subject to estate and gift taxes, Generation Skipping Transfer Taxes, and the use of trusts for tax planning.

Prerequisites:

TAX-801 and TAX-861 or approval of the MST Director

Credits:

3.00

Description:

Studies U.S. taxation of non-U.S. persons with activities in the United States. Covers source of income, business investment, and financial planning from a tax perspective for non-U.S. persons doing business in the United States. Also addresses withholding, treaty implications, and compliance and disclosure requirements.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Examines the history and evolution of the tax policy and budget process in the United States and the players in that process. Considers the issues of fairness, simplicity and efficiency in the context of the current tax system and evaluating past and current tax policy to make recommendations to craft new policy. Emphasizes the ethical dimensions involved in the tax policymaking process.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

3.00

Description:

Presents the 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.

Prerequisites:

TAX-801 or approval of the MST Director

Credits:

1.00- 3.00

Description:

Enables a student-initiated directed study project. The student and faculty advisor must concur on a written proposal and final report. The project must be approved by the dean of academic affairs prior to registration.

Course Substitution Policy

To substitute waive a taxation graduate certificate course, a student must have successfully completed equivalent academic coursework at the undergraduate/graduate level in the five (5) years prior to GCT matriculation, with a “B” or better. Graduate certificate courses, if waived, will need to be substituted with an approved elective. Official transcripts must be provided (with English translation, if applicable).

Candidates who apply within one year of completing their graduate certificate will have applicable courses applied to a Sawyer Business School (SBS) graduate degree program in the same discipline as the certificate as long as a grade of "B" or better was earned in that course.

Candidates who apply to a degree program different from their certificate program’s discipline area or beyond one year, will have coursework evaluated on a case by case basis for relevancy, current degree requirements and current Sawyer Business School waiver and transfer policies.