Study Program
Taxtation
Course Overview: The Bachelor of Science in Taxation is a specialized program designed to offer students an in-depth understanding of tax laws, regulations, and practices. This course dives into the complexities of taxation systems, equipping students with the skills to provide sound tax advice, ensure compliance, and navigate the multifaceted world of tax planning and strategy. Graduates will be primed for careers in tax advisory, government tax departments, corporate finance sectors, and accounting firms.
Program Objectives:
- Provide students with comprehensive knowledge of domestic and international tax regulations.
- Develop skills in tax planning, compliance, and dispute resolution.
- Foster an understanding of the ethical considerations and responsibilities in taxation.
- Enhance practical skills through internships, simulations, and real-world tax scenarios.
Course Structure: The program spans over four years, divided into eight semesters, blending both theoretical and practical learning.
Year 1: Introduction to Taxation, Financial Accounting, Business Law, Microeconomics.
Year 2: Individual Taxation, Corporate Taxation, Business Ethics, Taxation of Trusts and Estates.
Year 3: International Taxation, State and Local Taxation, Tax Research and Planning, Tax Accounting.
Year 4: Advanced Tax Strategy, Taxation of Non-Profit Organizations, Tax Policy and Reform, Capstone Project in Taxation.
Year 1:
- Introduction to Taxation Exam
- Overview of the taxation system and its role in the economy
- Basic principles and concepts of taxation
- Financial Accounting Exam
- Fundamental accounting concepts and principles
- Relationship between accounting and taxation
- Business Law Exam
- Legal principles affecting taxation
- Introduction to tax legislation and regulation
- Microeconomics Exam
- Economic principles at the individual or firm level
- The role of taxes in economic decisions
Year 2:
- Individual Taxation Exam
- Taxation principles for individuals
- Income, deductions, credits, and tax calculations
- Corporate Taxation Exam
- Taxation principles for corporations
- Corporate tax planning and strategy
- Business Ethics Exam
- Ethical considerations in taxation
- Professional standards and responsibilities
- Taxation of Trusts and Estates Exam
- Principles of trust and estate taxation
- Planning and compliance for trusts and estates
Year 3:
- International Taxation Exam
- Taxation principles for international transactions
- Transfer pricing, tax treaties, and international tax planning
- State and Local Taxation Exam
- Principles of state and local taxes
- Compliance and planning for multi-state operations
- Tax Research and Planning Exam
- Techniques for researching tax issues
- Developing tax strategies based on research
- Tax Accounting Exam
- Accounting methods for taxation
- Differences between financial accounting and tax accounting
Year 4:
- Advanced Tax Strategy Exam
- Complex tax planning scenarios
- Mergers, acquisitions, and other advanced topics
- Taxation of Non-Profit Organizations Exam
- Tax principles for non-profit entities
- Compliance and planning for tax-exempt organizations
- Tax Policy and Reform Exam
- Analysis of tax policy issues
- Historical and proposed changes to tax legislation
- Capstone Project Presentation
- Comprehensive research or field project in taxation
- Addressing a current challenge or issue in the field of taxation
Admission Requirements:
- High school diploma or equivalent, with a preference for courses in mathematics, business, or accounting.
- Letters of recommendation, preferably from math or business educators.
- A personal statement detailing the applicant’s interest in taxation and any relevant experience.
- An interview may be conducted to gauge the applicant’s understanding and passion for the field.