Taxation (TX)

TX 0500 Tax Research3 Credits

This course introduces students to tax research source materials and provides students with the opportunity to conduct tax research. After the course, students should be able to identify tax issues inherent in various fact scenarios, locate and evaluate various sources of tax law, and effectively communicate conclusions and recommendations based on their research. Open only to students enrolled in MS Accounting, MBA Taxation, or SYC Taxation programs, or by permission from the Department Chair or his or her designee.

TX 0501 Tax Accounting3 Credits

This course introduces students to federal tax accounting and contrasts its effects with those of financial accounting. After the course, students should be able to identify accounting transactions and methods that have differing tax and financial statement treatments, and to understand and plan for the consequences of those differences. Open only to students enrolled in MS Accounting, MBA Taxation, or SYC Taxation programs, or by permission from the Department Chair or his or her designee.

TX 0502 Tax of Property Transactions3 Credits

This course introduces students to the income tax laws impacting real property transactions. After the course, students should be able to identify tax issues stemming from various types of real property transactions and activities, as well as plan for the consequences of, and make recommendations for alternatives to, contemplated property transactions. Open only to students enrolled in MS Accounting, MBA Taxation, or SYC Taxation programs, or by permission from the Department Chair or his or her designee.

TX 0510 Entity Taxation3 Credits

This course introduces students to the fundamental concepts, rules, and tax planning applications of the federal income taxation for different business entities including corporations, partnerships and trusts, in addition to estate and gift taxes. After the course, students should be able to identify the tax planning implications of different income taxation concepts and rules pertaining to business entity transactions including formation, operations, distributions, liquidation, and other transactions between the entity and its owners or beneficiaries. Open only to students enrolled in MS Accounting, MBA Taxation, or SYC Taxation programs, or by permission from the Department Chair or his or her designee.

TX 0512 Corporate Tax II3 Credits

Prerequisite: TX 0510.

This course introduces students to advanced concepts of the federal income taxation of corporations, partnerships, trusts and estates. An examination of some advanced topics in estate and gift taxation will also be undertaken. The course will focus on examining case situations and planning opportunities available. After the course, students should be able to identify tax issues in these advanced areas and suggest alternative plans for consideration and implementation. Open only to students enrolled in MS Accounting, MBA Taxation, or SYC Taxation programs, or by permission from the Department Chair or his or her designee.

TX 0520 Estate and Gift Taxation3 Credits

This course introduces students to the concepts of, as well as the statutory rules surrounding, federal estate and gift taxation. After the course, students should be able to identify tax issues stemming from lifetime and at-death transfers of various types of property and property rights to various classes of beneficiaries or donees, as well as to plan for the consequences of, and make recommendations for alternative structuring of intended wealth transfers. Open only to students enrolled in MS Accounting, MBA Taxation, or SYC Taxation programs, or by permission from the Department Chair or his or her designee.

TX 0522 Income Taxation of Trusts and Estates3 Credits

This course introduces students to the concepts of, as well as the statutory rules surrounding, the federal income taxation of trusts and estates. After the course, students should be able to identify income tax issues arising during administration, which affect the various parties to the estate or trust, as well as to plan for the consequences of, and make recommendations for alternative structuring of intended transactions. Open only to students enrolled in MS Accounting, MBA Taxation, or SYC Taxation programs, or by permission from the Department Chair or his or her designee.

TX 0530 Partnership Taxation3 Credits

This course introduces students to the fundamental concepts of the federal income taxation of partnerships and partner-partnership transactions. After the course, students should be able to identify tax issues stemming from various partnership transactions and activities, including those between the partnership and the partners, as well as plan for the consequences of, and make recommendations for alternative structuring of, intended transactions and activities. Open only to students enrolled in MS Accounting, MBA Taxation, or SYC Taxation programs, or by permission from the Department Chair or his or her designee.

TX 0540 State and Local Taxation3 Credits

This course helps students develop a conceptual understanding of the constitutional limits on a state's power to impose taxes, the determination of state-specific taxable income, the sales and use tax system, and various other state taxes. After the course, students should be able to identify the tax issues associated with the conduct of business in multiple states, as well as plan for the consequences of, and make recommendations for alternative structuring of, intended multi-state transactions and activities. Open only to students enrolled in MS Accounting, MBA Taxation, or SYC Taxation programs, or by permission from the Department Chair or his or her designee.

TX 0542 International Taxation3 Credits

This course helps students develop a conceptual understanding of the federal income tax provisions applicable to non-resident aliens and foreign corporations. After the course, students should be able to identify the tax issues associated with the generation of U.S. taxable income by foreign individuals and corporations, as well as plan for the consequences of, and make recommendations for alternative structuring of, intended U.S. transactions and activities by these particular taxpayers. Open only to students enrolled in MS Accounting, MBA Taxation, or SYC Taxation programs, or by permission from the Department Chair or his or her designee.

TX 0548 Tax Practice and Procedure3 Credits

This course familiarizes students with the rules of practice before the Internal Revenue Service, as well as the procedures available for the resolution of income tax matters of disagreement. After the course, students should be able to identify the appropriate procedures applicable to specific transactions, elections and filings, as well as the appropriate and alternative means by which the resolution of disagreements between taxpayers and the IRS can be achieved. Open only to students enrolled in MS Accounting, MBA Taxation, or SYC Taxation programs, or by permission from the Department Chair or his or her designee.

TX 0550 Tax Planning3 Credits

This course develops a framework for understanding how taxes affect business decisions, and provides students with the tools to identify, understand, and evaluate tax planning opportunities in various decision contexts, such as investments, compensation, organizational form choice, and multinational endeavors. Open only to students enrolled in MS Accounting, MBA Taxation, or SYC Taxation programs, or by permission from the Department Chair or his or her designee.

TX 0585 Contemporary Topics in Taxation3 Credits

This course presents recent practitioner and academic literature in various areas of taxation, including guest speakers where appropriate. Topics change semester to semester, depending upon faculty and student interests. Open only to students enrolled in MS Accounting, MBA Taxation, or SYC Taxation programs, or by permission from the Department Chair or his or her designee.

TX 0591 Practicum in Taxation3 Credits

This course builds on the in-class lessons covered during the student's graduate studies by providing the student with the opportunity to apply his/her academic knowledge to a professional taxation context. As such, it is an experiential learning activity. Successful completion of the practicum will entitle students to three credits that count as a graduate-level taxation elective. Open only to students enrolled in the MS Accounting, MBA Taxation, or Taxation Graduate Certificate program. Enrollment by permission of the department chair or his/her designee. This course may not be repeated for credit.

TX 0598 Independent Study3 Credits

This course provides students with an opportunity to develop research skills while exploring a specific contemporary taxation issue with a full-time faculty specializing in the area of the discipline. Students are expected to complete a significant research paper as the primary requirement of this course. Enrollment by department chair permission only.