UNIVERSITY PARK, PA. – A new Penn State graduate program can help tax professionals gain the expertise they need to advise corporate and individual clients on their tax obligations.
The new graduate tax program is offered exclusively online through the Penn State World Campus in partnership with the internationally recognized, AACSB-accredited Penn State Smeal College of Business.
The program consists of two certificates, a 30-credit Masters in Taxation, with courses that study the fundamentals of taxation and tax structures in public and private institutions, and a 9-credit Certificate of completion that can serve as a stepping stone to the Masters degree .
Penn State is accepting applications for its master’s degree and diploma for admission to the university’s fall semester, which begins in August.
“This fundamental knowledge is essential for tax professionals looking to specialize in their careers or move to a higher position,” said Larry Friedken, clinical associate professor of accounting and director of the tax program. “We are excited to launch this new program so that students can achieve their goals.”
The courses in taxes are taught by the Faculty of Accounting at Smeal College of Business. According to Friedken, the courses use real-world examples to present case analysis so students can learn to solve the problems that can arise when working with clients.
In the courses, students will learn how to develop tax planning strategies to reduce their clients’ tax burden and increase profits, how the IRS interprets and applies tax law, does research, and analyzes laws to make recommendations.
Students can choose electives on topics such as business analytics, business administration, business consulting, and more.
The master’s degree includes a keystone course in which students conduct research and analysis for a final project.
Students who have completed their studies can be qualified for positions such as tax advisor, tax manager or tax director.
In addition, students may be able to apply for credits for their 150 credit requirement for a certified accountant license.
The Diploma in Taxation gives students the opportunity to explore the fundamental issues of taxation before deciding on a Masters degree. Students may be able to apply the credits from the certificate to the Masters degree if they apply and are admitted to the program.
Visit the Penn State World Campus website for more information on the Masters in Taxation.