Twin Cities campus

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Twin Cities Campus

High Net-Worth Individual 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 requires summer semesters for timely completion.
  • Degree: High Net-Worth Individual Taxation Pbacc Cert
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 High Net-Worth Individual Taxation certificate is designed for tax professionals seeking a credential that identifies them as a tax expert in the field while preparing graduates for greater responsibilities in financial 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 (12 credits)
Take the following courses:
MBT 6221 - Tax Research, Communication, and Practice (4.0 cr)
MBT 6351 - Wealth Transfer I (Estates and Gifts) (2.0 cr)
MBT 6353 - Income Taxation of Fiduciaries (2.0 cr)
MBT 6363 - Compensation and Benefits (2.0 cr)
MBT 6371 - Taxation of Property Transactions (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 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 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 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.