The Mike Ilitch School of Business is no longer accepting applicants for the master of science in taxation (M.S.T.) degree. As of January 2017, students interested in a graduate-level taxation degree should apply for the master of science in accounting (M.S.A.) degree with a concentration in taxation.
Current M.S.T. students will be able to complete their degree requirements as shown below.
The M.S.T. program consists of four course categories: foundation, core, elective and capstone.
M.S.T. students should possess a solid foundation in taxation. Foundation courses are assigned based on an evaluation of your transcripts and may be waived if equivalent courses have been completed with a course grade of 2.0 or above and a cumulative GPA of 3.0 or above. Most incoming students satisfy the foundation requirements by completing analogous courses in their undergraduate studies.
Students who don't satisfy the foundation requirements must take the following foundation courses (three credits each) before beginning core course work:
- ACC 7040 Intermediate Financial Accounting I
- ACC 7050 Intermediate Financial Accounting II
- ACC 7120 Tax Problems in Business Affairs
NOTE: Foundation courses are required for background knowledge, but credits are not counted toward the M.S.T. degree.
The M.S.T. core comprises 18 semester hours, which must include each of the seven courses listed above offered by the Mike Ilitch School of Business Department of Accounting. An advanced taxation course may be taken in place of a core course if a student has completed an equivalent course in the past three years with a GPA of 3.0 or above.
- ACC 7300 Accounting and Tax Research and Professional Communications
- ACC 7310 Business and Professional Ethics for Managers and Accountants
- ACC 7320 Introduction to Taxation: Business Entities
- ACC 7325 Advanced Tax Research and IRS Procedures
- ACC 7335 Taxation of Corporations and Shareholders II
- ACC 7340 Taxation of Pass-Through Entities
M.S.T. electives consist of three courses, or nine semester hours, offered by the Mike Ilitch School of Business Department of Accounting at the 7000 level or higher, providing the opportunity to tailor the M.S.A. program to your specific interests and career goals. These courses may not include ACC 7100 or those already counted as foundation, core or capstone courses.
M.S.T. electives include:
- ACC 7220 Law of Corporate Management and Finance
- ACC 7400 Taxation of International Business and Multinational Transactions
- ACC 7410 Tax Accounting Methods and Deferred Income Taxes
- ACC 7420 Taxation by State and Local Jurisdictions
- ACC 7430 Taxation of Exempt Organizations
- ACC 7440 Financial and Estate Planning
- ACC 7450 Taxes and Business Strategy
- ACC 7990 Internship in Tax Practice (1-3 credits)
- ACC 7995 Directed Study (1-5 credits)
- ACC 7996 Topics in Tax
All courses are three credits unless otherwise noted.
With the approval of the M.S.A. Committee, students can choose electives from other business disciplines. Contact the accounting department chair for more information.
The capstone course is the culmination of the M.S.T. program. This course builds on the knowledge gained throughout the program and is taken in the final 12 credit hours of the program.
- ACC 7998 Seminar in Tax and Accounting Policy
The M.S.T. program requires a total of 30 credit hours (18 core, 9 elective, 3 capstone), in addition to any necessary foundational requirements.
A cumulative grade point average of 3.0 or greater is required for graduation.
The program does not require a thesis.