Taxation Courses

Strengthen your tax specialization with this customizable curriculum.

Tax expertise is a specialty every individual and organization needs. Gain a deeper understanding of the tax code, and leverage your expertise to help your company or organization make strategic and informed financial decisions. Get started with the Graduate Certificate in Taxation, and go at your own pace to earn an MST.

Graduate Certificate in Taxation

  • BUPA-A 539 Advanced Tax I
  • BUPA-A 538 Corporate Tax II
  • BUPA-A 516 Federal Estate and Gift Taxation
  • BUPA-A 522 Taxation of Partnerships
  • BUPA-A 528 State and Local Taxation
  • BUPA-A 557 International Taxation
  • Other courses upon approval by the GAP faculty chair

Master of Science in Taxation (MST)

The MST degree can be earned during full-time or part-time study. Once you complete the Graduate Certificate in Taxation, you need only six additional courses to earn your MST.

The 30 credit hours required for the MST Program is composed of 19.5 hours of required courses and 10.5 hours of elective courses.

Prerequisites

To ensure your success, we ask you to complete the following course — or its equivalent — before you begin the MST Program.

  • A201 Introduction to Financial Accounting (3 cr.)

Required Courses

Co-requisite: A551

This course focuses on the income taxation and tax planning for individuals, introducing students to U.S. federal income tax law. The basic treatment of other entities also is considered, including the taxation of corporations, partnerships, limited liability companies, trusts, and estates. In addition, a portion of the course is devoted to tax research, enabling students to appreciate the sources of tax law such as the Internal Revenue Code, regulations, administrative pronouncements, and case law.

Prerequisite: A515 or equivalent

This course covers the tax aspects of the definition, formation, operation, liquidation, and termination of partnerships and limited liability companies.

Prerequisite: A539 or equivalent: A515 or equivalent

For students who have decided upon a career in taxation, this course focuses on advanced issues involving C corporations, role of liquidations, mergers and acquisitions, reorganizations, purchase price allocations, and intangibles.

Prerequisite: A515 or equivalent

This course introduces students to the taxation of regular corporations, partnerships, limited liability companies, and S corporations.

Prerequisite: A515 or concurrent

This course covers how to access the primary and secondary sources of tax law, including the Internal Revenue Code, regulations, and other administrative pronouncements and judicial decisions, with an emphasis on how to read and interpret those source materials.

Prerequisite: A515 or equivalent

This course examines tax treatment, tax problems, and tax planning techniques involving S corporations; eligibility rules; election, revocation, and termination; treatment of income, deductions, and credits; determining the shareholder's taxable income; pass-through of corporate net operating loss; distributions of previously taxed income; and special taxes applicable to S corporations.

Provides an introductory review and analysis of the two most important fundamental areas of the U.S. income taxation system for income derived from international (i.e., cross-border) transactions: (1) the U.S. taxation of non-resident aliens and foreign corporations on their income derived from U.S. sources; and (2) the U.S. taxation of U.S. individuals and U.S. corporations on the income realized from sources outside the U.S.

Learning in a Professional Environment

At the Kelley School of Business at IUPUI, we understand real-life work experience is essential to success outside of the classroom. Learning in a Professional Environment (LIPE) allows you to earn up to three hours of graduate credit for work experience you obtain while earning your MS in Taxation.

Learning in a Professional Environment is a required course for international students who secure an internship, and we highly recommend it for those students who come to the MST Program without previous work experience in taxation or accounting. LIPE provides a way to put taxation skills into practice while developing professional acumen.

Electives

Examines the tax treatment of wealth transfers at death (the estate tax) and during lifetime (the gift tax), with emphasis on estate planning. Also includes an examination of the income taxation of estates and trusts.

Examines the basic principles of state and local taxation. Taxes studied are income taxes, sales taxes, use taxes, inheritance taxes, estate taxes, personal property taxes, real property taxes, and excise taxes.

Examines the tax treatment of public and private charities exempt under I.R.C. Sec. 501(c)(3), as well as business leagues, social clubs and other types of tax-exempt organizations. Includes discussion of the requirements for exemption from federal income tax, the tax treatment of the unrelated business income tax and private foundation status, and its repercussions.

Provides an overview of the basic concepts of the laws and regulations governing not-for-profit (NFP) organizations. Specific topics include: the formation and dissolution of a NFP entity, the operation, and governance of the NFP entity, tax exemption issues, unrelated business income tax, and charitable contributions.

You also have the option to take approved Kelley MSA, Evening MBA and McKinney Law School tax courses to fulfill your electives.

Questions?

Contact us to discuss how to create a customized degree path to meet your career goals.

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