Twin Cities campus

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Twin Cities Campus

Taxation Postbaccalaureate Certificate

Accounting
Curtis L. Carlson School of Management
Link to a list of faculty for this program.
Contact Information
MBA & MS Programs Office Carlson School of Management 321 19th Avenue South, Suite 1-110 Minneapolis, MN 55455 Phone: 612-625-5555
Email: carlsoncert@umn.edu
Website: https://carlsonschool.umn.edu/degrees/graduate-certificates/taxation
  • Program Type: Post-baccalaureate credit certificate/licensure/endorsement
  • Requirements for this program are current for Fall 2023
  • Length of program in credits: 12
  • This program does not require summer semesters for timely completion.
  • Degree: Taxation Postbaccalaureate Certificate
Along with the program-specific requirements listed below, please read the General Information section of this website for requirements that apply to all major fields.
The Certificate in Taxation is designed for tax professionals seeking a credential that identifies them as an expert in the field while preparing graduates for greater responsibilities in business management and consulting. A rigorous curriculum, taught online by top faculty in the tax community, focuses on the analytical, problem solving, writing, and communication skills that foster career advancement. The certificate can be completed in 12 to 24 months, with breaks from early March through April 15 to accommodate schedules during peak tax season.
Program Delivery
  • completely online (all program coursework can be completed online)
  • primarily online (at least 80% of the instruction for the program is online with short, intensive periods of face-to-face coursework)
Prerequisites for Admission
Other requirements to be completed before admission:
Applicants must have a bachelor's degree from an accredited college or university.
Required prerequisites
Introduction to Financial Reporting
ACCT 2051 - Introduction to Financial Reporting (4.0 cr)
or equivalent course taken at another institution
Introduction to Federal Income Tax
ACCT 5135 - Fundamentals of Federal Income Tax (4.0 cr)
or equivalent course taken at another institution
Special Application Requirements:
Applicants must submit all application materials through the University's admission system. For additional application details, review program admissions website.
For an online application or for more information about graduate education admissions, see the General Information section of this website.
Program Requirements
Use of 4xxx courses towards program requirements is not permitted.
A minimum GPA of 3.00 is required for students to remain in good standing.
Required Courses (10 credits)
Take the following courses:
MBT 6201 - Tax Accounting Methods I (2.0 cr)
MBT 6221 - Tax Research, Communication, and Practice (4.0 cr)
MBT 6231 - Corporate Taxation I (2.0 cr)
MBT 6341 - Taxation of Partners and Partnerships (2.0 cr)
Elective Course (2 credits)
Select one of the following courses to meet the 12-credit requirement:
MBT 6202 - Tax Accounting Methods II (2.0 cr)
MBT 6226 - Negotiation Techniques in Taxation (2.0 cr)
MBT 6232 - Corporate Taxation II (2.0 cr)
MBT 6333 - Tax Aspects of Consolidated Returns (2.0 cr)
MBT 6335 - Taxation of the Small Business Corporation (2.0 cr)
MBT 6346 - ASC 740 Computations and Analysis (2.0 cr)
MBT 6347 - Tax Technology and Analytics Fundamentals (2.0 cr)
MBT 6351 - Wealth Transfer I (Estates and Gifts) (2.0 cr)
MBT 6353 - Income Taxation of Fiduciaries (2.0 cr)
MBT 6361 - State and Local Taxation (2.0 cr)
MBT 6363 - Compensation and Benefits (2.0 cr)
MBT 6371 - Taxation of Property Transactions (2.0 cr)
MBT 6381 - Tax Aspects of International Business I (2.0 cr)
MBT 6383 - Transfer Pricing (2.0 cr)
MBT 6501 - Business, Government, and Economic Tax Policy (2.0 cr)
 
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ACCT 2051 - Introduction to Financial Reporting
Credits: 4.0 [max 4.0]
Course Equivalencies: Acct 2050/ApEc 1251/Dbln 2051
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
This course introduces the topics of financial reporting and accounting. The purpose of financial accounting is to provide information to the entity owners and external parties to serve as the basis for making decisions about that entity. A student who successfully completes this class should be able to 1) understand the concepts and principles of accounting, 2) analyze, record and report the accounting treatment of business transactions, and 3) prepare, interpret, and analyze financial statements.
ACCT 5135 - Fundamentals of Federal Income Tax
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
U.S. federal system of taxation. Concepts of gross income, deductions, credits. Analysis of structure of Internal Revenue Code, its provisions with respect to specific areas of law. Interrelationships between legislative, judicial, and administrative authority. Methods, tools, and techniques to conduct tax research. prereq: [2050 and or 2051] or MBA 6030], [mgmt or grad mgmt student]
MBT 6201 - Tax Accounting Methods I
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
This course covers the federal income tax rules for when income and expense should be recognized. The purpose of this course is to provide students the statutory and regulatory framework for analyzing and explaining the federal income tax consequences of tax accounting methods and periods issues. prereq: ACCT 5135, MBT student - NOTE: Previous course number was MBT 5200.
MBT 6221 - Tax Research, Communication, and Practice
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Tax questions. Locating/assessing potential authority. Communicating research results. Sources of IRS policy. Processing/auditing returns. Rulings, determination letters. Closing agreements. Assessments, collections. prereq: ACCT 5135 NOTE: Previous course number was MBT 5220
MBT 6231 - Corporate Taxation I
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Federal income taxation of corporations/shareholders. Organization of a corporation. Establishment of capital structure. Determination of tax liability. Dividends, non-liquidating distributions. Stock redemptions, liquidations. prereq: ACCT 5135 NOTE: Previous course number was MBT 5230
MBT 6341 - Taxation of Partners and Partnerships
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Reviews tax consequences associated with formation, operation, and dissolution of a partnership. NOTE: Previous course number was MBT 5340 prereq: Acct 5135
MBT 6202 - Tax Accounting Methods II
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
This course covers special topics within the tax accounting methods area, including changes in accounting methods, accounting periods, installment sales, and inventory concepts. The purpose of this course is to provide students statutory and regulatory framework for analyzing and explaining the federal income tax consequences of special tax accounting methods issues. prereq: MBT 5200/6201 NOTE: Previous course number was MBT 5201
MBT 6226 - Negotiation Techniques in Taxation
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Spring Even Year
Hands-on approach. Applications from facilitating business sales, mergers, and acquisitions, to representing a client's position before IRS, to controlling TV remote. Negotiation process: planning, pre-negotiation preparation, strategy development. NOTE: Previous course number was MBT 5226.
MBT 6232 - Corporate Taxation II
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Different types of acquisitions, dispositions, reorganizations, and spin-offs involving C corporations. Tax consequences of acquisition to corporations/shareholders involved. Use of 338 elections, limitations on acquired net operating losses/credits, use of covenants not to compete, consulting agreements, deferred payment terms, treatment of transaction costs. NOTE: Previous course number was MBT 5323 prereq: MBT 6231/5230
MBT 6333 - Tax Aspects of Consolidated Returns
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Summer Odd Year
Filing. Determining affiliated groups. Election filing. Intercompany transactions. Limitations on certain loss and credit carryforwards. Allocation of federal income tax liability. E&P, investment basis adjustments. Loss allowance rules. Excess-loss accounts. NOTE: Previous course number was MBT 5333.
MBT 6335 - Taxation of the Small Business Corporation
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Summer Even Year
Federal income taxation of S corporations. Election eligibility; termination of status; treatment of income and deduction items; distributions, basis of stock and debt. Compensation arrangements in closely held corporations; fiscal year issues; personal service corporations; advantages of C corporations vs. S corporations; corporation liquidation and redemption rules; S corporation's built-in gains tax. NOTE: Previous course number was MBT 5335. prereq: MBT 6231\5230
MBT 6346 - ASC 740 Computations and Analysis
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Financial accounting/reporting standards for effects of income taxes from corporate activities. Computation of current/deferred tax expense/benefit. Temporary differences, carryforwards. Computation of deferred tax assets/liabilities, valuation allowances, business combinations. Investments in subsidiaries, equity method investments. Foreign operations, tax allocations, interim period tax calculations. NOTE: Previous course number was MBT 5346.
MBT 6347 - Tax Technology and Analytics Fundamentals
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
Tax technology is transforming the way tax departments are doing business in many amazing ways. Both public accounting firms and businesses are investing in people, process, data, and technology at a rapid pace. This course provides the student with relevant background on current technologies and associated challenges, managerial approaches, systems design, process, data challenges and risk assessment methods that are specific to the tax technology arena. Additionally, it will focus on the fundamental concepts of project management, business requirements, data analytics, implementation choices, and the necessary business cases that are being conducted in both the public and private sector. prereq: ACCT 5135 NOTE: Previous course number was MBT 5347.
MBT 6351 - Wealth Transfer I (Estates and Gifts)
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Summer Even Year
Taxation of transfers under federal estate and gift tax laws. Property owned by decedent. Retained life estates. Transfers taking effect at death. Revocable transfers. Joint interest. Powers of appointment. Valuation. Expenses, debts, taxes. Charitable bequests, marital deduction. Taxable inter vivos gifts, splitting/credits. prereq: ACCT 5135, MBT student. NOTE: Previous course number was MBT 5350.
MBT 6353 - Income Taxation of Fiduciaries
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Summer Odd Year
Simple, complex, and revocable trusts. Estates. Accumulation distributions and income with respect to decedents. Trust accounting income and principal. Distributable net income. Terminations. Excess distributions. NOTE: Previous course number was MBT 5353. prereq: ACCT 5135
MBT 6361 - State and Local Taxation
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
Examines state levying of individual income, corporate income, property, sales, and excise taxes. Tax problems of businesses with multistate operations. prereq: Acct 5135, MBT student. NOTE: Previous course number was MBT 5360.
MBT 6363 - Compensation and Benefits
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Fall Odd Year
Federal income taxation of executive compensation, relevant fringe benefit programs. Benefit programs other than qualified retirement plans. Salary continuation, stock options, non-profit organization plans, health/welfare plans. prereq: ACCT 5135 NOTE: Previous course number was MBT 5363.
MBT 6371 - Taxation of Property Transactions
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Determining realized gain or loss and recognized gain or loss, and tax treatment of that gain or loss on property dispositions. Consequences of property transactions including depreciation, depletion, basis, and capital gains problems. prereq: Acct 5135 NOTE: Previous course number was MBT 5370.
MBT 6381 - Tax Aspects of International Business I
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Multinational business operations/transactions involving foreign income. Tax consequences of transactions with/by foreign organizations/companies. prereq: MBT 6231/5230 NOTE: Previous course number was MBT 5380.
MBT 6383 - Transfer Pricing
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Spring Odd Year
This course provides an introduction to transfer pricing issues facing multinational businesses. The discussion will focus on the application of the arm?s length standard as described in US Treasury Regulations 1.482, and application of transfer pricing legislation and regulations in other countries, largely through the transfer pricing guidelines published by the Organization for Economic Cooperation and Development (OECD). The course examines economic models, pricing policies, global intangible property, and controversy involving transfer pricing. Prereq: ACCT 5135. NOTE: Previous course number was MBT 5382.
MBT 6501 - Business, Government, and Economic Tax Policy
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall
Effects of business/government on tax system. Social, political, economic, cultural values affecting tax system. Macroeconomics/implication for taxation. History of taxes/alternate approaches to taxation, public finance, government expenditures in theory/practice. Specific taxes. prereq: MBT 6231/5230. NOTE: Previous course number was MBT 5500.