The Advanced Certificate in Taxation (ACT) is a post-graduate certificate program for tax professionals who already have an advanced degree in business.

Tax professionals can take up to 5 courses (4 of the 5 must be in taxation). Classes meet once per week in fall and spring, twice a week in abbreviated summer sessions. A back-to-back format allows you to take two classes in one evening.

Program Requirements

The ACT program consists of up to seven courses: two taxation preparation courses and five taxation courses of your choosing.

Taxation Preparation Courses (6 credits)

May be waived with credit
  • TAX-801 Issues in Federal Taxation

    Credits:

    3.00

    Description:

    This first course in taxation concentrates on the federal income taxation of individuals with some discussion of business taxation. The objective of the course is to explore the basic structure of individual income taxation, including the individual tax formula, income, deductions and credits and an introduction to property transactions. A major emphasis is placed on how tax laws affect everyday personal and business decisions.

    Type:

    MBA Tax

  • TAX-861 Tax Research

    Credits:

    3.00

    Description:

    Tax research methods, including identifying and defining tax questions, locating appropriate authority, and interpreting statutes, cases and rulings. Effective communication of research findings and recommendations, and proper administration, ethics and responsibilities of tax practice are emphasized in this course.

    Type:

    MBA Tax

Taxation Courses (12-15 credits)

Take five (5) graduate courses, for a total of 15 credit hours. At least four of the courses must be in taxation. 5th course can be other 800-level course offered in the Sawyer Business School, with the approval of the Director of Graduate Programs in Taxation.

  • TAX-862 Taxation of Corporations

    Prerequisites:

    TAX 801 and TAX 861

    Credits:

    3.00

    Description:

    Concepts, principles and practices of taxation of corporations and their shareholders. The effects of taxation on corporate formation, capital structures, distribution and liquidation are covered.

    Type:

    MBA Tax

  • TAX-863 Tax of Pass-Through Entities

    Prerequisites:

    TAX 801 and TAX 861

    Credits:

    3.00

    Description:

    Concepts, principles and practices of taxation of partnerships and S-corporations, including the use of pass-through entities for tax planning.

    Type:

    MBA Tax

  • TAX-864 Tax Practice & Procedures

    Prerequisites:

    TAX 801 and TAX 861

    Credits:

    3.00

    Description:

    Strategies of tax practice before the Internal Revenue Service. Topics covered include tax deficiencies, assessments, claims for refunds, rulings, statutes of limitation, and penalties.

    Type:

    MBA Tax

  • TAX-871 Tax of Estates,trusts, & Gifts

    Prerequisites:

    TAX 801 and TAX 861

    Credits:

    3.00

    Description:

    Concepts, principles and practices of taxation of decedents' estates, trusts and lifetime gifts. Topics covered include valuation of property subject to estate and gift taxes, and the use of trusts for tax planning.

    Type:

    MBA Tax

  • TAX-874 U.S. International Taxation II

    Prerequisites:

    TAX 801 and TAX 861

    Credits:

    3.00

    Description:

    U.S. taxation of foreign national taxpayers doing business in the United States. Business, investment and financial planning from a tax perspective for foreign corporations doing business in the United States. Tax treaties and issues of income determination in foreign controlled corporations.

    Type:

    MBA International Business,MBA Tax

  • TAX-876 Tax Policy

    Prerequisites:

    4 TAX prefix courses, including Tax 801 and 861

    Credits:

    3.00

    Description:

    Policy considerations in the development of proposed tax legislation are covered. Tax policy issues are examined in relation to empirical, political and legal studies. Throughout the course the tax legislative process is explored.

    Type:

    MBA Tax

  • TAX-802 Issues in Federal Taxation II

    Prerequisites:

    TAX 801

    Credits:

    3.00

    Description:

    Further consideration of tax issues as they affect the sole proprietor, including the Alternative Minimum Tax, nontaxable exchanges, basis rules and passive activities.

    Type:

    MBA Tax

  • TAX-865 International Taxation I

    Prerequisites:

    TAX 801 and TAX 861

    Credits:

    3.00

    Description:

    U.S. taxation of foreign sources of income. Topics covered include analysis of tax treaties, source of income rules, foreign tax credit, controlled foreign corporations, Foreign Sales Corporations, transfer pricing in multinational corporations, and translations of foreign currencies.

    Type:

    MBA International Business,MBA Tax

  • TAX-866 State & Local Taxation

    Prerequisites:

    TAX 801 and TAX 861

    Credits:

    3.00

    Description:

    The interrelationships between the federal and state taxation systems are covered. Problems such as revenue generation and residency issues are examined. Using federal adjusted gross income as a focal point, and its effect on state revenues, excise taxes, general sales taxes and inheritance taxes are studied.

    Type:

    MBA Tax

  • TAX-867 Advanced Topics in Corporate Tax

    Prerequisites:

    TAX 862

    Credits:

    3.00

    Description:

    Tax-free and taxable acquisitions/reorganizations in relation to various acquisitive and reorganizational transactions are examined as well as consolidated returns. Topics covered include continuity of enterprise and interest issues in conjunction with the tax treatment accorded a transaction as well as carryover, basis and compliance provisions.

    Type:

    MBA Tax

  • TAX-868 Estate Planning Techniques

    Prerequisites:

    TAX 801 and TAX 861

    Credits:

    3.00

    Description:

    Topics covered include use of living trusts, joint ownership, life insurance, charitable dispositions, inter vivos gifts, and the marital deduction. Problem areas discussed include the valuation and disposition of closely held businesses. Students participate in class discussions and are required to submit a written estate plan for a hypothetical client.

    Type:

    MBA Tax

  • TAX-870 Federal Income Tax of Estates & Trust

    Prerequisites:

    TAX 801 and TAX 861

    Credits:

    3.00

    Description:

    Concepts, principles and practices of income taxation of decedents' estates and trusts. Topics covered include grantor trusts, charitable trusts and income in respect of a decedent.

    Type:

    MBA Tax

  • TAX-872 Tax Exempt Organizations

    Prerequisites:

    TAX 801 and TAX 861

    Credits:

    3.00

    Description:

    Tax and non-tax issues are studied in the formation of tax exempt organizations. Feeder organizations and unrelated business taxable income are covered in depth. Other topics covered include loss of tax exempt status and ceiling limitations on gift giving.

    Type:

    MBA Tax

  • TAX-910 Individual Study in Taxation

    Credits:

    1.00- 3.00

    Description:

    Independent study in Taxation

    Type:

    MBA Tax

Course Waiver Policy

Students with appropriate academic business backgrounds may be eligible to waive some or all of the taxation preparation courses. Upon receipt of an application, all transcripts will be reviewed for waiver status. Applicants will be automatically notified of their waiver standing upon acceptance into the program.

Preparation courses that are not waived may be satisfied by taking specified TAX course offerings. These courses may be taken upon enrollment in the Graduate Programs in Taxation at Suffolk.

Gainful Employment Disclosure

View the Federally Mandated Gainful Employment Disclosure for the Advanced Certificate in Accounting