Choose to pursue a Master of Science in Taxation (MST) degree full time or part time at the Kelley School of Business Indianapolis, depending on the demands of your work and personal life. This 30 credit hour degree is fully customizable, giving you the flexibility to design your tax specialization by choosing up to 10.5 credit hours of electives in tax, accounting, business, or law.
The Kelley Indianapolis MST requires only one prerequisite to get started. Take courses in the evenings as you build work experience during the day. This schedule allows you to immediately apply the concepts you learn in class to projects and tasks at work.
Ready to advance your tax training?
Apply now to enroll in the next semester of the MST Program.
Applicants must have an overall undergraduate GPA of 3.2 or higher when applying to the MST program. Students with GPAs between 2.8 and 3.2 may be admitted with permission from the Graduate Accounting Programs faculty chair.
To ensure your success, complete one prerequisite course — or its equivalent — before you begin the MST Program:
A201 Introduction to Financial Accounting (3 cr.)
MST required courses
Co-requisite: A551
This course focuses on the income taxation and tax planning for individuals, introducing students to U.S. federal income tax law. The basic treatment of other entities also is considered, including the taxation of corporations, partnerships, limited liability companies, trusts, and estates. In addition, a portion of the course is devoted to tax research, enabling students to appreciate the sources of tax law such as the Internal Revenue Code, regulations, administrative pronouncements, and case law.
Prerequisite: A515 or concurrent C
This course covers how to access the primary and secondary sources of tax law, including the Internal Revenue Code, regulations, and other administrative pronouncements and judicial decisions, with an emphasis on how to read and interpret those source materials.
Prerequisite: A515 or equivalent
This course introduces students to the taxation of regular corporations, partnerships, limited liability companies, and S corporations.
Prerequisite: A539 or equivalent
This course builds upon the introductory material included in BUPA A539 (Advanced Taxation I: Entity Issues) pertaining to the U.S. federal income taxation of partnerships and corporations taxed as passthrough entities under Subchapter S of the Internal Revenue Code (“S corporations”) to provide Master of Science in Taxation (MST) candidates, tax‐focused Master of Science in Accounting (MSA) candidates, and other MSA candidates seeking a well‐rounded understanding of issues within the responsibility of accounting professionals with a more complete understanding of the fundamental structure of U.S. federal income taxation of partnerships and S corporations.
Prerequisite: A539 or equivalent
This course builds upon the introductory material included in BUPA A539 (Advanced Taxation I: Entity Issues) pertaining to the U.S. federal income taxation of corporations taxable under Subchapter C of the Internal Revenue Code (‘C corporations’) to provide Master of Science in Taxation (MST) candidates, tax focused Master of Science in Accounting (MSA) candidates, and other MSA candidates seeking a well-rounded understanding of issues within the responsibility of accounting professionals with a more complete understanding of the fundamental structure of U.S. federal income taxation of C corporations.
Prerequisite: A515 or equivalent
Examines the basic principles of state and local taxation. Taxes studied are income taxes, sales taxes, use taxes, inheritance taxes, estate tases, personal property taxes, real property taxes, and excise taxes.
Prerequisite: A515 or equivalent
This course focuses on the substantive rules and procedures involved with preparing tax returns and representing taxpayers before the IRS as a tax professional. The course was designed with reference to the Uniform CPA Examination Blueprint for ethics, professional responsibilities and federal tax procedures, the study topics for the IRS Special Enrollment Examination addressing representation, practices and procedures. As such, it will provide a foundation for the student’s preparation to sit for either of these examinations.
A529 Learning in a Professional Environment (LIPE)
At the Kelley School of Business Indianapolis, we understand real-life work experience is essential to success outside of the classroom. Learning in a Professional Environment (LIPE) allows you to earn up to three hours of graduate credit for work experience you obtain while earning your MS in Taxation.
MST elective courses
In addition to the electives below, you also have the option to take approved Kelley MSA and Evening MBA courses to fulfill your electives.
Prerequisite: A525
This course builds upon the intermediate material included in BUPA A525 (Pass‐through Entities I) pertaining to the U.S. federal income taxation of partnerships and corporations taxed as pass‐through entities under Subchapter S of the Internal Revenue Code (“S corporations”) to provide Master of Science in Taxation (MST) candidates, tax‐focused Master of Science in Accounting (MSA) candidates, and other MSA candidates seeking a well‐rounded understanding of issues within the responsibility of accounting professionals with a more complete understanding of the fundamental structure of U.S. federal income taxation of partnerships and S corporations.
Prerequisite: A539
This course develops in-depth corporate tax knowledge and gives studies experience preparing assignments similar to those prepared by tax practitioners. Topics include corporate liquidations, penalty taxes, corporate reorganizations, and consolidated tax returns.
Examines the tax treatment of public and private charities exempt under I.R.C. Sec. 501(c)(3), as well as business leagues, social clubs and other types of tax-exempt organizations. Includes discussion of the requirements for exemption from federal income tax, the tax treatment of the unrelated business income tax and private foundation status, and its repercussions.
Provides an overview of the basic concepts of the laws and regulations governing not-for-profit (NFP) organizations. Specific topics include: the formation and dissolution of a NFP entity, the operation, and governance of the NFP entity, tax exemption issues, unrelated business income tax, and charitable contributions.
I truly believe the technical skills I gained doing my MST have distinguished me as a technical resource in our firm.
Leslie Boyd, CPA, MST'12 | Principal at CliftonLarsonAllen LLP
Questions?
Contact us to discuss how the MST can help you achieve your career goals.