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Master of Science in Taxation

Complete Coursework: 24 months Credit Hours: 30
Tuition: $29,190 in-state / $29,640 out-of-state

Master of Science in Taxation Accelerated: NEW - Available Beginning Aug 26, 2015

Complete Coursework: 12 months Credit Hours: 30
Tuition: $29,190 in-state / $29,640 out-of-state

The Master of Science in Taxation is designed for students pursuing a specialized degree in the area of taxation. The Master of Science in Taxation Accelerated option allows students to complete the same coursework in 12 months in order to become CPA-exam eligible. The programs consist of 16 semester hours of required tax courses that span topics related to corporate, individual and other entity structures. This foundation well prepares the student for general matters addressed by the tax professional. Students are required to complete 14 semester hours of electives for a total of 30 required semester hours to satisfy degree requirements. Electives include Partnership Taxation, Accounting Methods & Procedures and Estate & Gift Taxation, to name a few. Degree requirements also include a Research Capstone course that encompasses four one credit hour courses. The capstone course introduces the student to research and provides the student with the opportunity to develop research skills in a progressively more challenging series of courses encompassing all aspects learned during the course of the MS Tax/MS Tax Accelerated Programs. The Capstone Course is intended to showcase the students' mastery of tax research and technical knowledge learned throughout the program. Students will gain the skills and experience necessary to complete well written professional research papers on a variety of tax topics covered during the programs in a deadline oriented environment that will mimic the experience the student will encounter in a real-world tax research setting.

All courses are available online, allowing students to complete the MS in Taxation/MS in Taxation Accelerated entirely off campus. There are no minimum campus visit requirements for these programs, so students can more easily manage work, life, academic and career obligations.

Students with an undergraduate degree in a non-business related field also are required to complete Business Basic Knowledge (BBK's) courses. This series consists of a total of 8 semester hours and includes 5 semester hours of required Accounting, Finance and Business Analytics courses, as well as the choice of electives in Economics, Management/Marketing and a second course in Business Analytics.

Course Listing

Click here to view the detailed schedule for the courses listed below.

Please note this is subject to change based on University discretion'.

Required Courses
ACCT 8023
Individual Tax: Structure
Duration: 7 weeks  |  Credit Hours: 2
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
Individual Tax: Special Topics
Duration: 7 weeks  |  Credit Hours: 2
Examines 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
Corp Tax: Formation & Structure
Duration: 7 weeks  |  Credit Hours: 2
Provides an in-depth study of the tax issues related to the corporate form and the corresponding tax implications for its shareholders. Given the importance of corporations in the federal income tax system, an understanding of the tax issues related to this type of business is essential for tax professionals. Topics include capital formation and structure, the operations of the corporation, distributions of cash and property and tax problems related to the accumulation of income by the corporation.
ACCT 8032
Corp Tax: Redemptions, Liquidations, & Spin Offs
Duration: 7 weeks  |  Credit Hours: 2
Provides an in-depth study of the tax issues related to changes in the corporate form and the corresponding tax implications for its shareholders. Given the importance of corporations in the federal income tax system, an understanding of the tax issues related to this type of business is essential for tax professionals. Topics include income tax problems related to stock redemptions, partial liquidations, complete liquidations, collapsible corporations, spin-offs, and split-ups.
ACCT 8033
Corp Tax: Attributes & Operational Considerations
Duration: 7 weeks  |  Credit Hours: 2
Provides an in-depth study of the tax issues related to the corporate form and the corresponding tax implications for its shareholders. Given the importance of corporations in the federal income tax system, an understanding of the tax issues related to this type of business is essential for tax professionals. Tax treatment of net operating losses, earnings and profits, property basis and other corporate attributes.
ACCT 8041
S Corporations
Duration: 7 weeks  |  Credit Hours: 2
Topics include: Income tax treatment of S Corporations and their shareholders, built-in gains tax and excess net passive income tax; operating and distribution rules, shareholders basis, NOL pass-through rules; formation, reorganizations, QSUBS, and state income tax consequences.
ACCT 8040
Federal Tax Planning and Research – 1
Duration: 7 weeks  |  Credit Hours: 1
This capstone course is the first in a series of four courses designed to provide a guided, in depth income tax research project. Research in Tax 1 requires the identification of a research topic and specific tax issues to be approved by the graduate faculty, identification of a mentor (senior level associated at the student’s organization or graduate faculty member) and submission of a paper outlining the research project.
ACCT 8050
Federal Tax Planning and Research – 2
Duration: 7 weeks  |  Credit Hours: 1
This capstone course is the second in a series of four courses designed to provide a guided, in depth income tax research project. Research in Tax 2 requires the identification of primary, secondary and other research sources that will be used to support conclusions, the documentation of a process of research, the identification of preliminary conclusions, the submission of a research document including sources to be used in the rough draft and the final research paper.
ACCT 8060
Federal Tax Planning and Research – 3
Duration: 7 weeks  |  Credit Hours: 1
This capstone course is the third in a series of four courses designed to provide a guided, in depth income tax research project. Research in Tax 3 requires the submission of a rough draft of the research project including proper citations in research paper format.
ACCT 8070
Federal Tax Planning and Research – 4
Duration: 7 weeks  |  Credit Hours: 1
This capstone course is the fourth in a series of four courses designed to provide a guided, in depth income tax research project. Research in Tax 4 requires the submission of the final research project including proper citations in research paper format.
Elective Courses
ACCT 8030
Partnership Taxation
Duration: 7 weeks  |  Credit Hours: 2
Provides an in-depth study of the tax issues related to one of the central flow-through entities, the partnership. The increasing popularity of flow-through entities as an organizational form has made an understanding of the tax issues related to this type of entity an important area of study for tax professionals. Topics include capital formation, operations, transactions between the partner and the partnership, distributions, sales of partnership interests, and liquidation of the partnership.
ACCT 8036
International Taxation: Overview
Duration: 7 weeks  |  Credit Hours: 2
Addresses the taxation of foreign individuals or corporations receiving income from sources, or conducting business, in the United States. With the globalization of the economy, a greater number of taxpayers must consider the impact of international taxation. Topics include the sourcing of income, taxation of passive income, taxation of income connected to a U.S. trade or business, branch-level taxes, issues of foreign-owned U.S. corporations, income tax treaties, and transfer pricing. Examines sourcing of income, allocation and apportionment of deductions, foreign tax credits, taxation of U.S. citizens and residents abroad, controlled federal corporations, passive foreign investment companies, foreign currency translations and transactions, and special entities.
ACCT 8037
Consolidated Tax Return Issues
Duration: 7 weeks  |  Credit Hours: 2
This course covers the federal tax treatment of consolidated groups. It will cover the intricacies of IRC section and regulations 338 including 338(h)(10) 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, stock basis calculations and elections that are available to consolidated groups.
ACCT 8039
International Taxation: Special Topics
Duration: 7 weeks  |  Credit Hours: 2
Addresses US tax issues associated with doing business outside the US. US multi-national companies face a complex system of tax compliance, and this course may explore the following issues: the worldwide nature of US taxation and Entity Classification, concepts related to Foreign Tax Credits and basic credit calculations, concepts related to Controlled Foreign Corporations - Earnings and Profits and Tax Pools, Subpart F Income - Foreign Personal Holding Company Income and Foreign Based Company Income, basic concepts in Transfer Pricing, Outbound Transfers of Foreign Assets - IRC §367(a) and (d).
ACCT 8042
IRS Practice & Procedure
Duration: 7 weeks  |  Credit Hours: 2
An extensive study of the organization of the Internal Revenue Service with emphasis on the practices and procedures available to and used by the Service in its daily dealings with the taxpaying public.
ACCT 8044
State and Local Taxation
Duration: 7 weeks  |  Credit Hours: 2
Addresses the most common types of taxes imposed by state and local governments. Examines state and local income, sales, and excise, property, and city taxes. Emphasis is on the underlying Page 4 of 5 principles governing the application of each type of tax and the interrelationships where they exist.
ACCT 8046
Estate and Gift Taxation
Duration: 7 weeks  |  Credit Hours: 2
Focuses on the study of the taxes common to the transfer of property and wealth. Topics include gift tax deductions and exclusions, estate valuation, state tax deductions and exemptions, and tax rates. Also explores planning opportunities for these wealth transfer taxes. Extensive coverage of new and proposed legislation is included.
ACCT 8093
Accounting for Income Taxes
Duration: 7 weeks  |  Credit Hours: 2
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.

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Left QuotesThe MS Tax program at the University of Cincinnati sets a high standard for educational excellence and flexibility. Not only is this program geared toward those pursuing a master's in tax degree, it also offers preparation for the CPA exam through the wide variety of required and elective classes.Right Quotes

—Mike, Master of Science in Taxation


Left QuotesThe [taxation] courses are really well-organized and the professors are excellent. I am really enjoying the classes I am currently taking. Applying to the University of Cincinnati was the best decision, and I am looking forward to pursuing my Master's in Taxation.Right Quotes

—Nelson, Master of Science in Taxation