Online Master’s Degree in Taxation

An accredited online Taxation Masters degree (MTAX) is designed to combine a rich, quantitative approach to problem solving with a thorough understanding of the rules, regulations and practices that drive the tax industry today. Although an online bachelor’s degree in taxation is sufficient for many jobs in this field, the extra training one receives from good online master’s programs in taxation is an invaluable step towards a leadership role in this industry.

Online Master’s Degrees in Taxation Requirements

Successful taxation masters degree students are good at math, enjoy addressing complex challenges and are steadfast. Those studying to obtain accredited online masters degrees in taxation from top online masters programs in taxation will have the opportunity to further develop and perfect these characteristics.

Most online masters taxation candidates have a bachelor’s degree in related fields such as:

• Economics
• Accounting
• Business Administration
• Finance

Additionally, many students may have prior work experience as consultants, tax collectors or executive assistants in this field.

An online master’s in taxation student generally pursue an online PhD in taxation.

Online Taxation Master’s Degree Education

Good online master’s degree programs in taxation typically take between 2 to 3 years to complete. The types of taxation degrees offered by the best taxation master’s programs online include:

• Master of Science in Taxation (MS in Taxation)
• Master of Arts in Taxation (MA in Taxation)

Information on Taxation Courses

The best online masters degree programs in taxation stress the importance of strong communication skills in combination with technical proficiency. The courses required to obtain a taxation master’s degree online are designed to create professionals who are well versed in tax regulation and who are also effective problem solvers. Online master’s degree taxation classes focus on bringing all of these skills together to create a unique professional persona.

Courses common to the top taxation masters programs online include:

• Technical Communications
  Students learn how to become effective, universally proficient communicators of such things as complex tax legislation.
• Corporate Tax
  This online master in taxation course familiarizes students with the myriad extra regulations associated with the taxation of large and small businesses.
• Estate and Trust Tax
  This course teaches students about the laws and policies governing the taxation of estates, gifts, and trusts.
• IRS Practice and Procedure
  Students are exposed to the often complex taxation practices common to the most important revenue services, including the IRS.
• Advanced Mathematics
  Students learn a wide variety of mathematical techniques applicable to the tax industry in this online master in taxation course.

Specializations and Concentrations

Because taxation is a broad field, in order to become an expert in a specific niche, some online master’s taxation students will pursue specialties or concentrations in areas including:

• Large Corporation Taxation
• Tax Law
• International Tax

Careers in Taxation

Graduates of online master programs in taxation have wide range of career options to choose from. Popular choices for online masters degree taxation graduates are:

• Tax Consultant
  Tax consultants are typically self-employed or work for small companies. They provide detailed, targeted expertise for various agencies that conduct taxation work and usually are hired under contract. Consultants make $40,000 per annum, with competitive growth expected into 2018.
• Revenue Agent
  Revenue agents work for the government and oversee the auditing of small and large corporations to ensure accurate tax returns. These professionals make $45,000 per year or more, with 13 percent projected growth until 2018.
• Collector
  Collectors work with delinquent tax accounts and are employed to obtain overdue tax dollars from citizens and businesses that have failed to pay. Collectors make $45,000 per year or more, with a healthy projected growth .
• Tax Lawyer
  With further schooling, individuals with a master’s degree in taxation can find suitable work as tax lawyers, representing clients for a variety of taxation disputes. Tax lawyers make $80,000 per year or more, with competitive growth expected to 2018.
• Economist
  Economists often work in research environments, and attempt to discover insightful trends from large data sets. Their expertise is particularly useful for research in the taxation niche, and these professionals make $50,000 per year or more.

Many positions today will not necessarily require students to have graduated from online master degree programs in taxation, but having a master’s degree can help secure solid job options and a stable income for the future.