Cincinnati’s Online MS in Taxation Program Offers You:

• Instruction from award-winning faculty that includes cutting-edge tax experts, CPAs, lawyers, academics, and professionals with Fortune 500 and international accounting experience.
• The skills and experience necessary to complete well-written professional research papers on a variety of tax topics in a deadline-oriented environment that mimics the experience you will encounter in a real-world tax research setting.
• The opportunity to develop research skills in a challenging series of courses such as the Capstone Course, which is intended to showcase your mastery of tax research and technical knowledge learned throughout the program.
• A variety of elective course offerings such as partnership taxation, accounting for income taxes and estate, and gift taxation.
• In addition, this taxation masters degree can count toward credits to sit for the CPA exam and CEUs for those looking to expand their tax expertise while retaining their credential.

Program Overview

• 100% online
• No GMAT requirement
• Multiple start dates offered.
• Learn from nationally renowned faculty and industry experts.
• Can be completed in as little as one year.

Curriculum at a Glance

For the MS in Taxation online, the 30 hour curriculum includes 16 semester credit hours of required tax courses that span topics related to corporate, individual and other entity structures and 14 semester credit hours of electives to satisfy degree requirements. All courses are 2 credit hours and run 7 weeks. Please note, this is subject to change based on university discretion.

For conditionally admitted students that need to complete basic business knowledge (BBK) coursework, your academic adviser will share the courses chosen for your specific needs. Topics covered in BBK courses for MS Taxation include Economics, Management, Finance and Accounting.

To register for these courses, students should be enrolled in the College of Business and enrolled in one of the following programs: Masters of Science, Doctoral or a Graduate Certificate.

Students may be able to selectively substitute elective courses to match specific career interests, subject to the approval of the Program Director.

CURRICULUM AT A GLANCE

MS in Taxation Core Course: Individual Tax: Structure
MS in Taxation Core Course: Individual Tax: Special Topics
MS in Taxation Core Course: Corporate Tax: Formation & Structure
MS in Taxation Core Course: Corporate Tax: Life Cycle Strategies
MS in Taxation Core Course: Corporate Tax: Attributes & Operational Considerations
MS in Taxation Core Course: Taxation of Subchapter S Corporations
MS in Taxation Core Course: Federal Tax Research: Individuals
MS in Taxation Core Course: Federal Tax Research: Corporations
Elective: Partnership Taxation
Elective: International Taxation: Overview
Elective: Consolidated Tax Returns
Elective: International Taxation: Special Topics
Elective: IRS Practice & Procedure
Elective: State and Local Taxation
Elective: Estate and Gift Taxation
Elective: Accounting for Income Taxes
ACCT 8023
2 Semester Credits
MS in Taxation Core Course: Individual Tax: Structure
Examines topics in the area of individual federal income taxation including, but not limited to: income (active, passive, portfolio), adjustments to income, adjusted gross income (AGI) and deductions limited by AGI, personal exemptions, filing status, itemized deductions, taxable income and the regular income tax calculation.

ACCT 8043
2 Semester Credits
MS in Taxation Core Course: Individual Tax: Special Topics
Examines advanced topics in the area of individual federal income taxation including, but not limited to: property transactions, minimum tax, investment interest expense limitations, charitable contributions, property settlements and tax shelters.

ACCT 8031
2 Semester Credits
MS in Taxation Core Course: Corporate Tax: Formation & Structure
Covers the Federal income tax consequences of the creation and operation of a C corporation with a detailed treatment of corporate nonrecognition rules for asset transfers to new and existing corporations. Various planning techniques are explored to minimize Federal income tax during the incorporation and capitalization phases. Practical aspects of corporate tax computations and tax return preparation issues. Special corporate taxes imposed against C corporations are also examined. (Credit cannot be earned for both ACCT 6072 and ACCT 8031.)

ACCT 8032
2 Semester Credits
MS in Taxation Core Course: Corporate Tax: Life Cycle Strategies
Exploration of the distributions that corporations may make during their life cycle, from a federal income taxation perspective. Coverage of specific concepts and principles contained in Subchapter C of the Internal Revenue Code of 1986, as amended. Also coverage of relevant provisions contained in U.S. Treasury Regulations, decisions of the U.S. Tax Court, decisions of other federal judicial cases and Internal Revenue Service administrative pronouncements. Specific emphasis is also placed on advanced planning to minimize federal income tax liabilities.

ACCT 8033
2 Semester Credits
MS in Taxation Core Course: Corporate Tax: Attributes & Operational Considerations
Concentrates on the tax principles and laws involving the survival and transfer of corporate tax attributes, allocations between affiliated corporations, abusive tax shelters, statutory limitations with net operating losses and capital losses, acquisitions to evade or avoid federal income taxes, and limits on using pre-acquisition losses to offset built-in gains.

Covers the specific concepts and principles contained in Subchapter C of the Internal Revenue Code of 1986, as amended. Covers relevant provisions contained in U.S. Treasury Regulations Decisions of the U.S. Tax Court, decisions in other federal judicial cases and Internal Revenue Service administrative pronouncements. Specific emphasis is also placed on advanced planning to minimize federal income tax liabilities.

ACCT 8041
2 Semester Credits
MS in Taxation Core Course: Taxation of Subchapter S Corporations
Investigation of the Federal income taxation of a specialized class of corporation known as an S corporation. Detailed examination of the shareholder and corporate quality and quantity rules required to make an S corporation election. A review of election mechanics and election revocation rules and the determination of the items that are identified on the S corporation tax return and passed through to its shareholders. Covers shareholder basis rules that are important in determining shareholder tax consequences. Introduction of entity level taxes along with planning techniques used to minimize the Federal income tax impact of these entity level taxes.

ACCT 8080
2 Semester Credits
MS in Taxation Core Course: Federal Tax Research: Individuals
This course provides MS Tax students with an in-depth coverage of proper tax research procedures, a survey of the sources of authority, both primary and secondary, and application to practical situations. Students will discuss, research and write about a variety of individual tax issues, ones that don’t require any prior knowledge of individual tax. In addition to individual tax research, students will study issues related to working with the IRS.

ACCT 8090
2 Semester Credits
MS in Taxation Core Course: Federal Tax Research: Corporations
This course provides students with an in-depth coverage of proper tax research procedures, a survey of the sources of authority, both primary and secondary, and application to practical situations. Students will discuss, research and write about a variety of corporate tax issues, ones that don’t require any prior knowledge of corporate tax. In addition to corporate tax research, students will study issues related to tax planning and tax practice.

ACCT 8030
2 Semester Credits
Elective: Partnership Taxation
Income tax consequences of the formation, operation and termination of a partnership; partnership distributions; sale of a partnership interest; and withdrawal from a partnership.

ACCT 8036
2 Semester Credits
Elective: International Taxation: Overview
Study of the federal income tax provisions applicable to foreign income of U.S. citizens, residents and corporations as well as foreign persons with U.S. income.

ACCT 8037
2 Semester Credits
Elective: Consolidated Tax Returns
This course covers the federal tax treatment of consolidated groups. It will cover the qualifications to be considered a consolidated group, as well as intercompany transactions, loss disallowance rules, limitations regarding the utilization of “purchased” net operating losses, carryovers of NOL’s and other attributes related to NOL’s. Additional topics will include planning opportunities unique to consolidated groups as well as stockbasis calculations and elections that are available to consolidated groups.

ACCT 8039
2 Semester Credits
Elective: International Taxation: Special Topics
Addresses U.S. tax issues associated with doing business outside the U.S. U.S. Multi-national companies face a complex system of tax compliance and this course will explore some of these issues.

ACCT 8042
2 Semester Credits
Elective: IRS Practice & Procedure
An extensive study of the organization of the Internal Revenue Service with an emphasis on the practices and procedures available to and used by the Service in its daily dealings with the taxpaying public.

ACCT 8044
2 Semester Credits
Elective: State and Local Taxation
Examines the structure of state and local laws involving property, sales and use, franchise and corporate income taxes of the firm operating in either a single or multi-jurisdictional environment.

ACCT 8046
2 Semester Credits
Elective: Estate and Gift Taxation
Intensive study of federal taxation of estates and transfer of property rights by gift. Determination of the gross estate, taxable estate, taxable gift and gift tax.

ACCT 8093
2 Semester Credits
Elective: Accounting for Income Taxes
The purpose of the course is to provide students with comprehensive coverage of the requirements and planning issues related to accounting for income taxes. We will cover the preparation of tax provisions of varying complexity and discuss the financial reporting and tax aspects of this complex process. We will also analyze published financial statements to explore how well companies adhere to the requirements of FAS 109.

Career Outlook

Future career opportunities are plentiful for students graduating with a Masters in Taxation. Alumni can expect to be eligible for a variety of leadership roles and career advancing opportunities.

Great for those with experience in:

• Law
• Government
• Estate Planning
• Venture Capital
• Corporate Finance
• Forensic Accounting
• Corporate and Individual Tax
• Business (Public and Private sectors)

Business Roles:

• Financial Planning Consultant
• Certified Public Accountant
• Financial Adviser
• Staff Auditor
• Senior Auditor
• IRS Revenue Agent
• Tax Manager
• Assurance Specialist
• Tax Consultant

Admission Requirements

Applicants must satisfy the following requirements for admission to the Master of Science in Taxation online program. Admission is selective and based on a combination of factors including academic and professional achievement, strong communication skills and a proven record of effective leadership.

Prerequisites

Bachelor’s degree from an accredited institution.

APPLICATION REQUIREMENTS

ApplicationRecommendationGoal StatementResumeTranscriptsInternational Student Requirements

Application

• • Application for Admission

• • Application fee ($65 domestic/$70 international)

Letter of Recommendation

One letter of recommendation. Please note that the name, mailing address and email address of recommender is required.

Goal Statement

Tell us in 500 words or less how the MS Taxation program at UC will further your career goals.

Current Resume or CV

Transcripts

Unofficial transcripts of all undergraduate and graduate coursework — bachelor’s degree from an accredited institution.

University of Cincinnati transcripts must be provided by the applicant as part of the admissions process.

International Students

An official TOEFL/IELTS is required for all international applicants.

International applicants must also submit foreign transcripts for evaluation to an agency recognized by the National Association of Credential Evaluating Services (NACES; www.naces.org).

Tuition fee-1 year-$35,000