3 hours

This course provides an in-depth study of the federal tax law applicable to sole proprietorships, partnerships, corporations, estates, and trusts. In addition, this course introduces students to topics such as the alternative minimum tax, international tax, state and local tax, employee compensation, related party transactions, and tax-exempt entities. Some time also is devoted to tax planning, ethical practices, taxation of cross-border business transactions, and tax research.

3 hours

This course is a study of tax law sources, tax research methodology, and research documentation. Students locate relevant tax law provisions using e-resources and learn how to write professional file memoranda and client letters.

3 hours

This course is designed for persons preparing for a tax practitioner career. Subject matter for study is selected to amplify conceptual and technical knowledge at an advanced level of study of the techniques and procedures used by the various tax administrative bodies. The course also provides study opportunities to enhance the practitioner’s skills and abilities in dealing with the tax administrative bodies. While some aspects of the course deal with state and local tax administrative bodies, heavy emphasis in the course is placed on procedure and practice techniques at the federal level.

3 hours

This course is a study of tax law relating to partnerships and partners.

3 hours

This course is a study of the income tax consequences of transactions relating to purchase, sale or exchange of property and securities including alternative tax strategies in real property ventures for financing, developing, and dispositions.

3 hours

This course is a study of the concepts and principles of tax law relating to corporations and shareholders. The course emphasizes corporate formation, capital structure, distributions, redemptions, liquidations, and the “S” election.

3 hours

This course is a study of the contemporary issues in taxation. Subject matter for study is selected based upon current and proposed legislation in the area of taxation. The course provides an opportunity to analyze cutting-edge issues that arise in the new e-business economy such as taxation of Internet sales.

3 hours

This course is a study of federal estate and gift tax laws involved in inter-vivos and testamentary transfers of property. Additionally, the course focuses on estate planning techniques.

3 hours

This course examines current issues in state and local taxation as well as the interaction between the Internal Revenue Code and various state and local tax provisions. E-business issues, especially those related to Internet sales transactions, are also explored.

3 hours

This course is a study of income tax consequences of foreign income to U.S. taxpayers and of U.S. income for foreign businesses and individuals. E-business issues also are explored.

3 hours

This course addresses timing issues in federal income taxation. Topics include cash and accrual accounting methods, installment reporting, accounting for inventories and long-term contracts, issues relating to the time value of money, adoption of accounting periods, and changes in accounting periods and methods.

3 hours

This field study is a supervised, employer-site learning experience. In this experience, students have the opportunity to apply tax-related skills in a professional setting. Students must consult with the instructor or the MTx program coordinator before registering to determine whether their employment or internship experiences will qualify for credit.

3 hours

This course emphasizes identification of tax issues, analysis of court decisions, and planning techniques to reduce tax liability.