Contact Us

Course Descriptions

TAX 620 Tax Accounting

This course will provide the participant with an in-depth analysis of the Code, Regulations, Rulings and Cases governing tax accounting issues. Areas covered include accounting periods and methods (including cash, accrual and installment sales), inventory rules, debt-forgiveness, time-value of money concepts and required adjustments for changes in accounting methods. Materials are introduced via lecture, open class discussion and review of selected case studies.
Annually, 3 credits

TAX 625 Federal Taxation of Estates, Gifts and Trusts

A detailed study of the gift and estate tax provisions of the Internal Revenue Code is covered. An introduction to the income taxation of trusts and estates is also provided.
Bi-Annually, 3 credits

TAX 729 State & Local Taxation

In-depth analysis of “Nexus,” Uniform Division of Income for Tax Purposes Act, the unitary principle, the multi-state taxes compact regulations and P.L. 86-272. Various landmark Supreme Court decisions pertaining to multi-state taxation are discussed. Emphasis is placed on New York State Income, Franchise and Sales Taxes for those entities doing business in New York State.
Bi-Annually, 3 credits

TAX 760 Tax Research

Sources of Legislative, Administrative and Legal precedents are discussed. Utilization of IRS publications, tax reporters, and judicial and statutory authority is explained. An introduction to computer-based tax research tools and techniques is included. Several research projects using these materials are required. Written and oral techniques for presenting research results are discussed. The presentation of three written research papers is required. This course is taught primarily on a distance learning basis.
Assignments are prepared on and submitted via the Internet and weekly discussion board questions are discussed. The participant must have access to a computer with Internet access.
Annually, 3 credits

TAX 762 Procedures and Practices in Federal Taxation

Among topics considered are preparation of tax returns, due dates and extensions, techniques for gathering information and preparation of returns, statute of limitations, tax examinations, appeals procedures in the IRS, request for rulings, collection matters, tax fraud, and professional responsibility of taxpayer’s representatives.
Bi-Annually, 3 credits

TAX 771 Corporate Taxation

This course reviews the tax aspects of corporate formations, including corporate characteristics, transfers to controlled corporations, corporate capital structure, the income tax calculations for corporate entities and elections. Topics covered include corporate stock holder relationships, corporate distributions, corporate redemptions and partial liquidation, accumulated earnings, and personal holding companies.
Prerequisite of TAX 620 & TAX 760 is required
Annually, 3 credits

TAX 772 Corporate Reorganizations and Consolidations

Coverage includes reorganizations, recapitalization, acquisitions and disposal of assets, mergers, acquisitive and divisive reorganizations as well as corporate tax attributes.
Prerequisite: TAX 771
Bi-Annually, 3 credits

TAX 773 Consolidated Returns

This course deals with the principles and mechanics of consolidated returns including eligibility, computation of consolidated tax liability, inter-company transactions, inventory adjustments, basis of property, net operating losses, earnings and profits and separate return limitations.
Prerequisite of TAX 771 is required
On Occasion, 3 credits

TAX 775 Introduction to Partnerships and Limited Liability Entities

A study of the fundamentals of Subchapter K of the Internal Revenue Code and regulations pertaining to the Subchapter. Topics that will be covered are: choice of entity, partnership formations, operations, allocations, distributions, sales and exchanges of partnership interests, and transactions between a partner and a partnership. The tax ramifications of Limited Liability Companies (LLC) and Limited Liability Partnerships (LLP) are discussed.
Prerequisite of TAX 620 & TAX 760 is required
Bi-Annually, 3 credits

TAX 776 Subchapter S Corporations

This course is an in-depth study of the federal tax ramifications of operating the S Corporation. The election, operation, termination and special rules associated with the S Corporation status are examined. Tax planning for the S Corporation is also emphasized.
Prerequisite of TAX 771 is required
Bi-Annually, 3 credits

TAX 777 Estate Planning

In general, this course covers Estate planning techniques for the individual. The course includes study of the factors to be considered in planning an estate, including life insurance, trusts, specific legacies, provisions for protection of a going business, and estate and gift tax provisions of the Internal Revenue Code, especially with respect to marital deduction, powers of appointment, exemptions, and jointly owned property.
Prerequisite of TAX 625 is required
On Occasion, 3 credits

TAX 778 Advanced Partnerships and Limited Liability Entities

An in-depth study of certain advanced topics relating to partnerships and limited liability companies. Topics that will be covered include: a detailed analysis of partnership allocation regulations (704(b) and 704(c) regulations) and the sharing of partnership liabilities (752 regulations), the disguised sales rules and some of the more complex areas of Subchapter K (disproportionate distributions, retirement of a partner, etc).
Prerequisite of TAX 775
Bi- Annually, 3 credits

TAX 779 Tax-Exempt Organizations

In this course, the tax laws governing the creation and operation of tax exempt organizations are studied. Compliance requirements governed by the Internal Revenue Service are also reviewed.
Prerequisite of TAX 620 & TAX 760 is required
On Occasion, 3 credits

TAX 780 Fundamentals of Qualified Employee Benefit Plans

This course is an in-depth study of ERISA. The course is geared towards an understanding of the pension and profit-sharing rules required for plan qualification. Emphasis is placed upon the establishment of a qualified plan for both incorporated and unincorporated forms of business.
On Occasion, 3 credits

TAX 788 International Taxation

This course covers the taxation of United States persons investing or doing business abroad and nonresident Aliens and foreign corporations having nexus with the United States. Topics covered include, among others, the foreign tax credit, Subpart F income, controlled foreign corporations, tax treaties, sourcing rules and expatriate taxation.
Prerequisite of TAX 771 is required
Bi-Annually, 3 credits

TAX 790 Seminar in Current Developments in Taxation

Current trends in federal taxation are analyzed. Tax cases, rulings and new developments are examined for their significance to tax practitioners.
Prerequisites of TAX 620, 625, 760, 762, 771, 775 are required
On Occasion, 3 credits

TAX 791 Independent Study

Directed independent reading and research projects in an area selected by the student with the approval of a faculty member sponsor. The student is expected to prepare a substantial integrative written report at the conclusion of the semester.
Prerequisite: Permission of the Director of the School of Professional Accountancy
On Occasion, 3 credits