336 John B. Goddard School of Business & Economics The final 6 credits may be any other MACC or MTAX course, or may include a maximum of 3 hours ofnon-MACC and non-MTAX courses selected from approved 5000 or higher-numbered courses which were not taken in the student's undergraduate program. The following MBA courses may also be used. MBA 6310 - Information Technology in the Enterprise Credits: (3) MBA 6530 - E-Business Credits: (3) MBA 6540 - Negotiations Credits: (3) MBA 6580 - Project Management Credits: (3) MBA 6630 - Networking & Information Systems Credits: (3) MBA 6640 - Information Assurance in the Enterprise Credits: (3) Course Descriptions - MTAX Master of Taxation (MTAX) MTAX 6400 - Tax Research & Communication Credits: (3) Typically taught: Fall [Full Sem] Techniques in effective tax research, planning and communication. Also includes a discussion of tax policy. MTAX 6405 - Accounting for Income Taxes Credits: (3) Typically taught: Fall [Full Sem] Cash and accrual methods of accounting, inventories, accounting for book/tax disparities, income statement tax provision, original issue discount, depreciation methods, amortization, long-term contracts, changes in methods of accounting, accounting periods, capitalization vs. expense, and other topics critical to bridging financial accounting and tax accounting. MTAX 6410 - International Taxation Credits: (3) Typically taught: Spring [Full Sem] Principles of U.S. taxation applicable to inbound and outbound international transactions. Also covers issues related to international tax treaties. MTAX 6430 - Advanced Individual Taxation Credits: (3) Typically taught: Fall [Full Sem] In-depth coverage of advanced individual tax issues such as alternative minimum tax, loss limitations, real estate transactions, stock options, employment taxes, tax credits, charitable contributions, interest classification, related-party transactions, and timing of income/loss recognition. MTAX 6435 - State & Local Taxation/Federal Tax Practice Credits: (3) Typically taught: Spring [Full Sem] State income taxation, nexus, multijurisdictional operations, constitutional limitations, sales tax, excise tax, property tax; federal tax procedure, handling IRS audits, appeals, petitions to U.S. Tax Court, and other issues related to tax practice. MTAX 6445 - Gifts, Estates, Trusts and Exempt Organizations Credits: (3) Typically taught: Summer [Full Sem] Principles of estate & gift taxation, exclusions, deductions, valuation issues, the unified credit, wills and intestate succession, income in respect of a decedent, income taxation of estates and trusts, income and estate/gift issues affecting donations to charity, nonprofit corporations, public charities, private foundations, excise taxes, unrelated business income, and compliance issues for tax-exempt entities. MTAX 6450 - Real Estate Taxation Credits: (3) Typically taught: Spring [Full Sem] In-depth study and analysis of the taxation of real estate transactions. Covers topics such as like-kind exchanges, personal residences, real estate development, passive loss rules, involuntary conversions, casualty losses, and real estate investment trusts. MTAX 6460 - Advanced Corporate Taxation Credits: (3) Typically taught: Spring [Full Sem] Summer [Full Sem] Income taxation of corporations and shareholders. Includes in-depth analysis of tax issues related to corporate formations, operations, distributions and liquidations. Also covers the taxation of S corporations. MTAX 6470 - Advanced Partnership Taxation Credits: (3) Typically taught: Fall [Full Sem] Summer [Full Sem] Income taxation of partnerships and partners. Includes in- depth analysis of tax issues related to partnership formations, operations, distributions and liquidations. Also covers issues related to limited liability companies. MTAX 6480 - Retirement Planning & Employee Benefits Credits: (3) Typically taught: Fall [Full Sem] Consideration of tax, insurance, investment and estate Weber State University 2014-2015 Catalog