Master's Degree in Tax Accounting

Earning a masters degree in tax accounting will help students to learn specific skills that they will need to enter into the workforce. Learn about earning a masters degree in tax accounting below. Schools offering Accounting - Taxation degrees can also be found in these popular choices.

How to Earn a Master's Degree in Tax Accounting

Earning a master's degree in tax accounting can take around two years to complete, but this depends on the attendance of the student. Some common courses that students can expect to take as a part of this master's program include Business Law, Advanced Auditing, Estate and Gift Taxation, Ethics, Financial Reporting, and Tax Research.

Business Law

Courses like this are designed to teach students about the different legal issues that may arise in business. Business law courses can cover different areas, such as contracts, torts, employment law, product liability, and more. Courses like this will also touch base on legal issues with companies that do business in other countries.

Advanced Auditing

In this sort of class, students should expect to cover advanced topics of the financial auditing process that include issues that may arise during the process and ethical concerns for auditors. Courses like this use case studies and other materials to show students in depth examples of these issues. Advanced auditing courses are typically considered to be reading intensive courses.

Estate and Gift Taxation

Courses like this are set up to teach students about federal tax on gifts and also estates that are transferred to a person upon another's death. Courses like this will teach students about regulations and statutes that may apply to these cases. In addition, students will also learn about developing strategies to cover these aspects of the business.

Ethics

Classes like ethics are designed to help students understand the ethical implications and situations that may arise in the world of accounting and business. These types of classes will teach students about different types of ethics, and present them with different situations to evaluate how they would react. These types of classes help students to gain a good ethical foundation before entering into the work force.

Financial Reporting

In this sort of class, students will cover more advanced topics in the field of financial reporting. Some of these advanced topics could include corporations in financial difficulty, SEC reporting, and other reporting issues. This type of course will teach students to examine these advanced topics properly.

Tax Research

Courses like this are designed to teach students about federal tax research. Classes like this will provide students with methods and techniques to go about their research. These types of classes will also teach students about rules and procedures for how to represent clients who go before the IRS.

Admittance Requirements for Master's Programs in Tax Accounting

In order to be admitted into a master's program for tax accounting, students will need to have earned a bachelor's degree in a related field, such as accounting, from an accredited college or institution. Students will need to have a minimum of a 2.75 GPA in order to be considered for admission into a master's program. Students who do not meet this minimum may be able to sit the GMAT/GRE in order to gain entrance into the program. In addition to this, students will also submit an updated resume and two letters of recommendation.

Related Careers

Financial Examiner

Financial examiners work with laws that govern financial institutions and they can evaluate the health of financial institutions. These examiners will need to use accounting skills, ethics, and business law, making those with a master's degree in tax accounting good candidates for this position.

Financial Analyst

Financial analysts do a number of things, including assessing the performance of bonds and stocks and working with clients to make good financial decisions. These analysts used a large portion of the skills that would be obtained by those who earned a master's degree in tax accounting.

Financial Manager

A financial manager is responsible for the overall finances of an organization, along with reviewing the financial performance of a company. These managers also conduct and oversee long-term financial planning. A background in financial reporting and research would be very useful in this job, and so people with a master's in tax accounting would fit well here.

Chief Financial Officer (CFO)

A Chief Financial Officer, or CFO, typically leads an organization when it comes to finances. CFOs also prepare budgets for companies and monitor the spending that takes places. Individuals with a background in business law, auditing, and preparing financial reports would be the best fit for this position, like those holding a master's in tax accounting.

Budget Analyst

The main responsibilities for a budget analyst consist of preparing budgets, monitoring spending, and organizing the finances of a business. These analysts used a great deal of the skills that someone with a master's degree in tax accounting would hold.

Career Title Median Pay* Job Growth*
Financial Examiner $80,180 7%
Financial Analyst $85,660 6%
Financial Manager $127,990 16%
Chief Financial Officer (CFO) $104,980 6%
Budget Analyst $76,220 4%

*Bureau of Labor Statistics - BLS

Earning a master's degree in tax accounting can take at least two years, and the student will need to take courses such as Business Law, Ethics, and many more. Even though completing a program for a master's degree in tax accounting may seem to be a daunting task, it will open up a wide variety of possibilities and job openings upon completion.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

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  • Strayer University

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  • Southern New Hampshire University

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  • The University of Scranton

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  • Purdue University Global

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  • Colorado Christian University

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  • Regent University

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  • Full Sail University

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  • Liberty University

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  • Capella University

    Capella University responds quickly to information requests through this website.

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  • Mississippi State University

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    • Mississippi: Mississippi State
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