Taxation
			Description Degree Offered Admission Master of Science in Taxation Contact Info

Description

The Master of Science in Taxation degree program is designed to prepare individuals for careers as Tax Professionals and Tax Consultants in public practice, government, and industry. This degree program along with appropriate foundation work satisfies the Florida requirements to qualify for the CPA examination.

Degrees Offered

Master of Science in Taxation

Admission

For information on general UCF graduate admissions requirements that apply to all prospective students, please visit the Graduate Catalog. Applicants are encouraged to apply online. Please be sure to submit all requested material by the established deadline(s).

Master of Science in Taxation

The Master of Science in Taxation degree is awarded upon completion of a graduate program with a minimum of 30 credit hours. A minimum of 18 credit hours of course work including a minimum of 12 credit hours of tax/accounting course work must be at the 6000 level. Required courses and available electives in the Tax Professional and Tax Consultant specializations are described below.

Admission to Master’s Programs in the College of Business Administration

In addition to the general admission requirements, applicants need the following:

• Official score of at least 500 on the GMAT.
• GPA of 3.0 in last 60 hours and 3.0 in upper division accounting and tax courses. All foreign transcripts must be evaluated.
• TOEFL of 233 (computer test), for international students only
• Resume

Foundation Core—34.5 Credit Hours

The courses included in the foundation core are listed under the Master of Science in Accounting degree requirements. The requirements must be fulfilled by students completing either the Professional or Consulting Specialization. A recent UCF accounting undergraduate degree satisfies the foundation core requirement. Other recent related business course work may partially or fully satisfy this requirement. Any deficiencies must be satisfied before advanced course work can be taken.

Application Due Dates

All students applying for fellowships or assistantships must apply by the Fall Priority deadline date.

U.S. Applicants

	Program(s)		Fall Priority		Fall		Spring		Summer
	Master of Science in Taxation   Feb 1  Jun 15  Nov 1  Mar 15

International Applicants

	Program(s)		Fall Priority		Fall		Spring		Summer
	Master of Science in Taxation   Feb 1  Feb 1  Jul 1

Master of Science in Taxation

Minimum Hours Required for MST—30 Credit Hours

Academic Standards in the College of Business Administration

Tax Professional Specialization

Required Course— 3 Credit Hours

• TAX 6065 Tax Research (3 credit)

Tax Electives—12 Credit Hours

• TAX 5015 Advanced Tax Topics (3 credit)
• TAX 6135 Taxation of Corporations and Shareholders (3 credit)
• TAX 6205 Partnership Taxation (3 credit)
• TAX 6405 Taxation of Estates and Gifts (3 credit)
• TAX 6845 Tax Planning and Consulting (3 credit)
• TAX 6505 International Taxation (3 credit)
• TAX 6946 Tax Internship (3 credit)
• TAX 6909 Research Report (3 credit)

Elective Courses—15 Credit Hours

Electives may be selected from the tax electives listed above, from the courses included in consulting specialization listed below, and from courses available in the Master of Science in Accounting degree program. Other courses require approval. ACG 6636 Advanced Auditing Topics and BUL 5332 Advanced Business Law Topics are recommended to candidates planning to sit for the CPA examination.

Tax Consulting Specialization

Required Courses—9 Credit Hours

• TAX 6065 Tax Research (3 credit)
• TAX 6845 Tax Planning and Consulting (3 credit)
• FIN 6406 Strategic Financial Management (3 credit)

Tax Electives—9 Credit Hours

• TAX 5015 Advanced Tax Topics (3 credit)
• TAX 6135 Taxation of Corporations and Shareholders (3 credit)
• TAX 6205 Partnership Taxation (3 credit)
• TAX 6405 Taxation of Estates and Gifts (3 credit)
• TAX 6946 Tax Internship (3 credit)
• TAX 6909 Research Report (3 credit)
• TAX 6505 International Taxation (3 credit)

Restricted Electives—6 Credit Hours

• ACG 6255 International and Multinational Accounting (3 credit)
• ECO 6115 Economic Analysis of the Firm (3 credit)
• FIN 6425 Asset Management and Financial Decisions (3 credit)
• FIN 6475 Business Valuation (3 credit)
• FIN 6515 Analysis of Investment Opportunities (3 credit)
• ISM 6537 Quantitative Models for Business Decisions (3 credit)
• MAR 5941 Small Business Consulting (3 credit)
• MAR 6845 Services Marketing (3 credit)

Electives—6 Credit Hours

Electives may be selected from the above tax and restricted electives lists and from courses available in the Master of Science in Accounting degree program. Other courses require approval. ACG 6636, Advanced Auditing Topics, and BUL 5332, Advanced Business Law Topics, are recommended to candidates planning to sit for the CPA examination.

Examination or Research Report

Satisfactory completion of either the end-of-program comprehensive examination or a Research Report (TAX 6909) is required.

Financial Support

Graduate students may receive financial assistance through fellowships, assistantships, tuition support, or loans. For more information, see Financing Grad School, which describes the types of financial assistance available at UCF and provides general guidance in planning your graduate finances. The Financial Information section of the Graduate Catalog is another key resource.

Key points about financial support:

• If you’re interested in financial assistance, you’re strongly encouraged to apply for admission early. A complete application for admission, including all supporting documents, must be received by the priority date listed for your program under "Admissions."
• You must be admitted to a graduate program before the university can consider awarding financial assistance to you.
• If you want to be considered for loans and other need-based financial assistance, review the UCF Student Financial Assistance website at http://finaid.ucf.edu and complete the FAFSA (Free Application for Federal Student Aid) form, which is available online at http://www.fafsa.ed.gov. Apply early and allow up to six weeks for the FAFSA form to be processed.
• UCF Graduate Studies awards university graduate fellowships, with most decisions based on nominations from the colleges and programs. All admitted graduate students are automatically considered in this nomination process. To be eligible for a fellowship, students must be accepted as a graduate student in a degree program and be enrolled full-time. To receive need-based fellowship awards, the student must have demonstrated need as determined by FAFSA. Merit fellowship awards are not affected by FAFSA determination of need.
• Please note that select fellowships do require students to fill out a fellowship application (either a university fellowship application, an external fellowship application, or a college or school fellowship application).
• For information on assistantships (including teaching, research, and general graduate assistantships) or tuition support, contact the graduate program coordinator of your major.

Contact Info

Dale Bandy, Ph.D. , Professor
Phone Number: 407-823-2964
cbagrad@bus.ucf.edu