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 537 Corporate Tax I
  • BUPA-A 525 Pass-through Entities I
  • BUPA-A 551 Tax Research
  • BUPA-A 507 Federal Tax and Procedures
  • 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 18 hours of required courses and 12 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 concurrent C

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

Prerequisite: A539 or equivalent

This course builds upon the introductory material included in BUPA A539 (Advanced Taxation I: Entity Issues) pertaining to the U.S. federal income taxation of partnerships and corporations taxed as passthrough entities under Subchapter S of the Internal Revenue Code (“S corporations”) to provide Master of Science in Taxation (MST) candidates, tax‐focused Master of Science in Accounting (MSA) candidates, and other MSA candidates seeking a well‐rounded understanding of issues within the responsibility of accounting professionals with a more complete understanding of the fundamental structure of U.S. federal income taxation of partnerships and S corporations.

Prerequisite: A539 or equivalent

This course builds upon the introductory material included in BUPA A539 (Advanced Taxation I: Entity Issues) pertaining to the U.S. federal income taxation of corporations taxable under Subchapter C of the Internal Revenue Code (‘C corporations’) to provide Master of Science in Taxation (MST) candidates, tax focused Master of Science in Accounting (MSA) candidates, and other MSA candidates seeking a well-rounded understanding of issues within the responsibility of accounting professionals with a more complete understanding of the fundamental structure of U.S. federal income taxation of C corporations.

Prerequisite: A515 or equivalent

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

Prerequisite: A515 or equivalent

This course focuses on the substantive rules and procedures involved with preparing tax returns and representing taxpayers before the IRS as a tax professional. The course was designed with reference to the Uniform CPA Examination Blueprint for ethics, professional responsibilities and federal tax procedures, the study topics for the IRS Special Enrollment Examination addressing representation, practices and procedures. As such, it will provide a foundation for the student’s preparation to sit for either of these examinations.

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

Prerequisite: A525

This course builds upon the intermediate material included in BUPA A525 (Pass‐through Entities I) pertaining to the U.S. federal income taxation of partnerships and corporations taxed as pass‐through entities under Subchapter S of the Internal Revenue Code (“S corporations”) to provide Master of Science
in Taxation (MST) candidates, tax‐focused Master of Science in Accounting (MSA) candidates, and other MSA candidates seeking a well‐rounded understanding of issues within the responsibility of accounting professionals with a more complete understanding of the fundamental structure of U.S. federal income taxation of partnerships and S corporations.

Prerequisite: A539

This course develops in-depth corporate tax knowledge and gives studies experience preparing assignments similar to those prepared by tax practitioners. Topics include corporate liquidations, penalty taxes, corporate reorganizations, and consolidated tax returns.

 

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 and Evening MBA 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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