Masters in Taxation Online » Master or MS of Taxation Programs

Top Online Masters in Accounting & Taxation Degrees

Earning a masters in taxation can lead to one becoming a tax accountant or other type of tax expert. Accountancy is the process of communicating the financial statements and information about a business to its members or shareholders. Becoming a tax accountant requires becoming a Certified Public Accountant (CPA) or earning similar certification. A master's degree in accounting is a necessary prerequisite for this. The below schools all offer at least one masters in accounting degree program online.

MS in Accounting	Kaplan University. An MS in accounting from Kaplan University teaches its grad students to critically understand and hone problem-solving skills while urging its students to strive for mid- to senior-level positions in the field of accounting. The degree is designed to enrich skills in auditing, taxation, cost accounting, and financial accounting while providing students the opportunity to choose elective courses to meet their specific interests and goals.
MS in Taxation	Northeastern University. Northeastern's MS in Taxation program is tailor-made for the busy working professional looking to further his or her understanding of taxation. Tax practitioners will find that this part-time program will help you stay current with industry trends and hone your tax planning techniques, and help you to reach your goals. The program has three start times: Fall, Spring, and Summer. You may attend classes at our main campus or our campus in Boston's financial district.
MS/Accounting: Taxation	Strayer University. Strayer University provides accounting programs that have been specifically constructed to provide students with real-world along with academic and theoretical understanding of how accounting can be applied to the sectors of business and government. The program specializes in Accounting Information Systems, Controllership, Public Accounting (CPA Exam Prep) and Taxation. Graduates of the Master of Science in Accounting (MSAC) program will find they are extremely qualified to fill professional accountant positions in industry, government, and non-profit organizations.
MS in Accounting	Liberty University. Liberty's Master of Science in Accounting focuses on leadership and its application to both national and international accounting practices. Students are expected to develop oral and written competencies in particular to accounting contexts and will exhibit mastery with current research methods and academics relevant to accounting, auditing and taxation. This 30-hour program can be completed in one to two years and may enable students to meet the 150 hours required to sit for the CPA exam.
LL.M. in Intl. Taxation J.S.M. in Intl. Taxation	Thomas Jefferson School of Law. Thomas Jefferson's Master of Laws (LLM) in International Taxation and Financial Services program spotlights the effect of globalization and its impact on both traditional areas of international law practice and emerging fields. The Master of the Science of Law (JSM) in International Taxation and Financial Services is similarly in its subject matter but is geared towards those that are not currently attorneys, but are looking to further their education in the field.
MS/Accounting: CPA	Walden University. The Master in Accounting with a CPA Emphasis endeavors to provide a balanced curriculum to allow its student to be prepared to take the CPA Examination. The classes emphasize the use of analytical and critical-thinking skills while you explore the latest regulations, trends, and issues shaping the accounting industry. The degree provides an understanding of risk management, the impact of regulatory compliance, and emphasizes how accounting practices and tax strategies are critical to business and your vocation.
MS in Accountancy	University of Phoenix. The Master of Science in Accountancy makes it possible for students to better understand the theory and principles in a broad sense pertaining to the diverse and demanding world of the accounting profession. The curriculum consists of accounting theory and research, accounting information systems, managerial accounting, financial reporting, auditing, taxation, not-for-profit and government accounting, forensic accounting, and accounting ethics.
MS in Accounting	Grand Canyon University. Grand Canyon University's Master of Science in Accounting program is designed to develop theoretical and practical accounting skills for practitioners, researchers, and educators. The program will prep students to sit for the CPA exam and will provides opportunities for current CPAs and accountants to further their skills in theory, practice, and research. The coursework focuses on advanced accounting, auditing, and taxation practices in accordance with current rules and regulations.
MBA in Accounting	Keiser University. Keiser University's career-oriented MBA program allows its students to remain competitive professionally through its courses consisting of contemporary management, marketing, international business, business information systems, accounting and finance. Students specializing the accounting MBA will study advanced financial reporting, auditing theory, taxation and more. The flexibility of the curriculum allows students to complete their MBA studies while being employed with both online and on-campus classes available.
MS in Accounting MS/Mgmt: Accounting	University of Maryland University College. The Master of Science in Accounting and Financial Management degree at the University of Maryland University College appeals to individuals looking for an alternative to a general management or business-related degree, and wish to concentrate their graduate studies in finance and accounting. Students will obtain specialized skills, knowledge, and abilities specific to accounting and financial management disciplines. The program's curriculum consists of financial accounting, management accounting, taxation, operating systems, long-term financial management, marketing and investments, multinational finance, and electronic commerce.
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A masters in taxation (Mtax) allows you to work with taxes in an executive position or as partner at an accounting firm. This degree can also be referred to as a masters of science in taxation (MsT) or a masters business taxation (MBT). These programs have the same coursework and number of hours that must be completed. Most are comprised of 30 hours that will make you a tax specialist after the courses are completed. Some programs involve half of the hours being devoted to graduate taxes work, while others have the entire 30 hours devoted to studying taxes at the graduate level. Those who seek a masters in taxation usually have an ample background in finance and taxes. Undergrad degrees are typically in taxation, finance, accounting or business.

In some cases, you should also be certified in accounting or taxes. This increases your earning potential and job opportunities. You do not have to have additional certification to qualify for upper level positions in taxes, but they can be helpful. CPAs are poised for the most job growth in the coming decade. This is because there will be changes in fiscal laws following the meltdown of the U.S. economy in 2008. Companies will be using greater discretion with their finances and be under more intense watch by the government to ensure financial responsibility.

What kind of job opportunities do I have with a masters in taxation?

Tax specialist

A tax specialist is a natural career for those with a masters in taxation. This position is also known as a tax analyst. In this job you ensure a company's taxes meet with the local, state and federal requirements. Mid-size businesses and large corporations often employ tax specialists or hire then on a contract basis. Businesses also hire a tax specialist when they are in the process of growing or moving into a new tax bracket due to increased profits. If a company has had trouble within their accounting department, a tax specialist may be brought in to work to correct past mistakes and make sure the company is accounted for when it comes to the IRS and internal audits. It typically takes 2-5 years after becoming a tax specialist to rise to a position of higher ranking such as tax manager, tax supervisor or senior tax specialist within a company. Most tax specialists work a regular 8-5 schedule and have holidays and weekends off. Most companies pay their taxes every quarter, so at the end of these quarters, you may have to work overtime and beyond the standard work schedule.

Most tax specialists have a masters or doctorates degree. A tax specialist may be employed by a company to go over any accounting done within the company and to make sure those under the tax specialist are doing everything appropriately. It is a mix of management responsibility and the know-how of accounting and ensuring a company is financially sound and following tax laws. The average salary for a tax specialist is just under $60,000, but nearly half of this salary is made up of bonuses. Some tax specialists who have been with a company for a long time can earn over $100,000.

Junior tax specialist.

In some cases a junior tax specialist may be groomed to become a senior tax specialist once the person in that position leaves. If a company is expanding, they often employ more than one senior tax specialist per branch or office. A junior tax specialist reports to the senior tax specialists and does a lot of the data entry and accounting for a company. For the most part, the responsibilities and objectives of a junior tax specialist are the same of a tax specialist, only you're working under someone's supervision. You may also be in charge of a smaller branch or office. Prior to this, your experience may be in taxes and accounting for a small business or handling individual clients. A junior tax specialist makes considerably less than a senior tax specialist and works along the same lines where half of the salary comes from bonuses given throughout the year for performance.

Tax accountant

A tax accountant can be employed by a company or work with clients to ensure their tax liabilities are kept to a minimum. This involves going over business expenses and filing taxes quarterly for a client so they are not hit with one big tax payment when tax season arrives. You make sure all of the things being done within a company comply with tax regulations and represent a company to the government. Any paperwork or filing is done by you, on behalf of the company or client you're representing.

A tax accountant also works with payroll and bookkeepers to keep proper records of all of the money coming in and going out for a company. A tax accountant often serves as the head of finances for a company, in the respect that all payroll and bookkeeping is reported to the accountant. A tax accountant is responsible for seeing that all software and paper records are up-to-date and prepared for an audit at any given time. The average salary for a tax accountant is $60,000.

Auditor

You may also get a job working as an auditor with a masters in taxation. This is an area set to grow in the coming decade due to many in the field retiring. This might be for the IRS or a private company who holds their own audits each quarter. This is to ensure that if the company ever is audited by the IRS, everything is following protocol and also helps a company see where they are each quarter and how to improve profits and how money is spent. An auditor may also work as a business consultant of sorts, showing where money can be spent and saved to more effectively.

Working for the IRS with a masters in taxation, it is likely you will work in a supervising position and oversee a team of people or an entire department. As an auditor, you might also be employed by the government. In this case, it is your job to investigate any suspicious or fraudulent tax activity done by companies or individuals. Auditors employed by the government, at the state and federal level, earn an average of $50,000 per year.