Taxation Graduate Certificate

During the first half of this course, you’ll examine the U.S. federal tax system as it relates to individuals, employees, and sole proprietors. Topics include the tax environment, sources of tax law, inclusions and exclusions to gross income, deductions, calculating the tax liability, employee and self-employed business expenses, and retirement plans.

Through the second half of the course, you’ll analyze the U.S. federal tax system as it concerns property transactions of business owners and shareholders. Topics include cost recovery (e.g., depreciation, amortization, and depletion), realized versus recognized gains and losses, adjusted-basis considerations, non-taxable transactions (e.g., like-kind exchanges, involuntary conversions, and sale of primary residence), and the netting process for gains and losses.

You’ll take this course in two eight-week sections. Completion of both sections (Part A and Part B) is required to earn four credit hours. Taking each section in sequence and back-to-back is recommended.

In the first half of this course, you’ll explore the U.S. federal income taxation of corporations and their shareholders. You’ll concentrate on the relevant provisions of Subchapter C of the Internal Revenue Code, as well as related treasury regulations and judicial opinions, governing corporate formation, operations, distributions, and liquidation.

For the second half of the course, you’ll study the U.S. federal income taxation of pass-through business entities, including Subchapter S corporations, partnerships, and limited liability companies. You’ll focus on the relevant provisions of Subchapters S and K of the Internal Revenue Code, as well as related treasury regulations and judicial opinions governing the formation, operation, and termination of pass-through entities. With practical in-class study problems, you’ll discover technical tax knowledge along with the development of a variety of professional skills and attitudes.

You’ll take this course in two eight-week sections. Completion of both sections (Part A and Part B) is required to earn four credit hours. Taking each section in sequence and back-to-back is recommended.

This course examines state and local tax laws prevalent in the United States. The course will consider the historical progression of state and local taxation, the power of states to tax (and the limitations on that power), and planning strategies for minimizing the impact of state and local taxation. Income taxes are emphasized; however, other taxes such as sales and use taxes and property taxes will be discussed.

This course analyzes the tax treatment, issues, planning techniques and underlying government policies involved in doing business internationally. The course incorporates concepts learned in all of the tax courses as they relate to the impact on cross border outbound transactions (i.e., the taxation of US taxpayers doing business abroad). Topics include the source of income, transfer pricing, controlled foreign corporations (CFCs), Subpart F income, foreign tax credits, Global Intangible Low-Taxed Income (GILTI), Base Erosion and Anti-Abuse Tax (BEAT), and Foreign Derived Intangible Income (FDII).