Taxation Specialization

The U.S. Federal Taxation Specialization graduate-level microcredential introduces the U.S. federal tax system via conceptual and applied material. Learners will be able to apply basic principles to settings involving individuals, corporations, and other business entities, complete key components of major, individual U.S. federal tax returns, and identify tax-related strategies and implications of structuring transactions and organizations.

Learners who complete this microcredential will be able to understand and evaluate:

• The U.S. federal tax system as it relates to individuals, employees, and sole proprietors.

• The U.S. federal income tax treatment of corporations and pass-through entities, including Subchapter S corporations, partnerships, and limited liability companies.

• State and local income tax laws prevalent in the U.S. today, including their historical progression and strategies for minimizing their impact.

• The tax treatment, issues, planning techniques, and underlying government policies involved in doing business internationally.

• Professional tax practice responsibilities and ethics, including the regulation of tax advisers under both federal regulation and professional guidelines.