Master of Laws in Taxation (LLM) Program

Overview

The Master of Laws in Taxation (LLM) Independent Study program is specifically designed for practicing attorneys and other law school graduates. Using many of the same reference materials found in the offices of tax professionals, the program provides the conceptual understanding and technical competence advantageous for advancement in the tax consulting profession, corporate finance departments, and government tax agencies.

Completion of this program is not intended to, and will not, qualify graduates to sit for any bar examination.

Presentation

The program is presented in an independent study modality on a semester basis. Each semester consists of a minimum time period of 16 weeks from the date study commences. Students not completing all semester coursework in the 16-week period will be granted an automatic two-month extension of time to complete the semester. There are no assignments that must be submitted on a weekly schedule and students may take time off between semesters. However, except in special circumstances, the entire program must be completed within three years from the date of matriculation.

Each course in the program contains a series of lesson assignments, generally consisting of reading assignments supplemented occasionally by various multimedia. Students are evaluated through examinations and/or research assignments, which are submitted via our eLearning platform for faculty evaluation.

Admission to Practice Law

This program is not intended to, and will not, qualify graduates for admission to any Bar Association in the United States. This program will not qualify a student to take any bar examination or to satisfy the requirements for admission to the practice of law in any jurisdiction. A student intending to seek admission to practice law should contact the admitting authority in the jurisdictions where the student intends to seek to qualify to sit for the bar examination or for admission to practice for information regarding the legal education requirements in that jurisdiction for admission to the practice of law.

How to Apply

To apply for admission to the program, an applicant must complete the University’s Application Form. In addition, we require the following documents to complete an application:

  • Resume
  • Juris Doctor degree transcript
  • Copy of ID

Official transcripts of prior degrees will be required within 60 days of enrollment.

An admissions representative will contact the applicant if further documents are required, such as a degree evaluation. Once all necessary documents are received, the applicant will be notified of acceptance decision within two business days.

Curriculum

To earn the Master of Laws in Taxation (LLM) degree a student must complete the courses listed here in good academic standing, including a minimum grade point average of 2.00, and pass all examinations.

The requirements may be completed in as little as 12 months. All requirements must be completed within three years from the date of initial enrollment.

First Semester Courses
(9 units)

TAX721

Tax Research Techniques

3 units

TAX702

Tax Aspects of Organizing & Operating

3 units

TAX708

Federal Income Taxation of Individuals

3 units

Elective Courses
(At Least 15 Credits)

TAX703

Federal Income Tax Aspects of Corporate Reorganizations

3 units

TAX724

Taxation of Partnerships

4 units

TAX735

Taxation of Real Estate

3 units

TAX726

Estate Taxation & Planning

3 units

TAX707

Income Taxation of Estates & Trusts

3 units

TAX709

Fundamentals of International Taxation

3 units

TAX710

IRS Practice & Procedure

3 units

TAX711

Tax Fraud & Evasion

3 units

Total Semester Units Required for Graduation: 24

Admission Policies and Requirements

Applicants seeking admission to the LLM program must generally have earned a Juris Doctor degree from an accredited institution or the equivalent. The majority of applicants to this program are mature adults working in a variety of professional settings. Many have not attended law school for several years. Consequently, prior class rank and grade point average are not significant factors in the admission process.

Since law school graduates generally have higher legal research skills than accountants, the program does not have, as a condition for admission, any occupational experience requirement. However, students without basic tax or accounting knowledge should expect to devote a significantly greater amount of time in completing the lesson assignments. The program does not devote any time to the mechanical preparation of tax returns.

An applicant may be conditionally admitted into the program based on a completed Application for Admission form, and student copies of transcripts reflecting the applicant’s highest relevant degree. Official copies of all relevant college level credits received directly from the institution of origin will be required within 30 days of enrollment.

Foreign Applicants

Applicants whose native language is not English and who have not earned a degree from an appropriately accredited institution where English is the principal language of instruction must receive a minimum score of 530 on the paper-based Test of English as a Foreign Language (TOEFL), or 71 on the iBT, or its equivalent. For more information on TOEFL visit their website.

Applicants with degrees earned at institutions located outside the United States must have their academic transcripts evaluated and certified by a National Association of Credential Evaluation Services, Inc. (NACES) member organization.

Transfer Credit

The acceptance of transfer credits between academic institutions lies within the discretion of the receiving college or university. Therefore, the University may or may not accept any course or degree completed at another educational institution and any other educational institution may or may not accept courses completed at the University.

Students may apply to have prior coursework and/or college-level learning reviewed by the University for academic credit.

Transfer credit toward a degree may be awarded for postsecondary courses completed by the student at other appropriately accredited institutions if such courses are found to be academically comparable and meet the standards and requirements of the specific program.

Courses must have been completed in the last two years to qualify as transfer credits toward the LLM program. A max of 9 units may be transferred into the program.

The awarding of transfer credit is considered on a case-by-case basis and awarded at the sole discretion of the University.

Financial Information

Tuition for the LLM program is $495 per unit.

The cost of books and materials, other than each course syllabus, is not included in the tuition. On average, the cost of books and materials will be $1,200 over the course of the program. That average includes books at their full list price and sources often offer discounts. A full list of required materials for all courses can be found on the Course Materials page.

California residents can find more information about the California Tuition Recovery Fund here.

*All fees are non-refundable.

FEE SCHEDULE

Application Fee

$75

Transfer Credit Evaluation Fee

$55

Registration and Orientation Fee

$50

Library Fee

(Per Semester)

$45

Diploma Fee

$75

Transcript Fee

(Two Provided at No Cost)

$10

Late Payment Fee 

(Declined Credit Card/ACH) (Per Item)

$25

Student Tuition Recovery Fund *

(California Residents Only)

$0

How to Enroll

Once an applicant is conditionally accepted for admission to the program, an admissions representative will inquire about the applicant’s desired start date (within six months of acceptance). After confirmation of the desired start date, a formal Enrollment Agreement will be prepared and sent to the applicant for review and signature via DocuSign. Enrollment may begin on the 15th of any month.

Applicants are encouraged to contact Admissions with any questions regarding enrollment procedures.

Course Descriptions

  • TAX721 – Tax Research Techniques (3 units)
  • TAX702 – Tax Aspects of Organizing & Operating (3 units)
  • TAX708 – Federal Income Taxation of Individuals (3 units)
  • TAX703 – Federal Income Tax Aspects of Corporate Reorganizations (3 units)
  • TAX724 – Taxation of Partnerships (4 units)
  • TAX735 – Taxation of Real Estate (3 units)
  • TAX726 – Estate Taxation & Planning (3 units)
  • TAX707 – Income Taxation of Estates & Trusts (3 units)
  • TAX709 – Fundamentals of International Taxation (3 units)
  • TAX710 – IRS Practice & Procedure (3 units)
  • TAX711 – Tax Fraud & Evasion (3 units)

TAX721 – Tax Research Techniques (3 units)

This course serves as the introduction to the program and as a comprehensive guide to tax research techniques. The text uses specific examples and a step-by-step approach that will instruct the student on how to obtain the facts, ask the right questions, locate and assess pertinent authority, and communicate tax-saving options to clients.

TAX702 – Tax Aspects of Organizing & Operating (3 units)

A study of federal income tax aspects of organizing and operating corporations. Subjects covered include the organization of a corporation under Section 351, the corporation’s capital structure, corporate elections under Subchapter “S”, dividends, and non-liquidating distributions.

TAX708 – Federal Income Taxation of Individuals (3 units)

This course deals with federal income taxation as it impacts individuals, including the definition of gross income, business and personal deductions, sales and exchanges of property, alternative minimum tax, operating losses, tax shelter deductions, taxation of capital gains & losses, and tax accounting issues.

TAX703 – Federal Income Tax Aspects of Corporate Reorganizations (3 units)

Continuing the study of corporations, this course studies every major aspect of the tax ramifications of restructuring the corporation, including stock redemptions, partial liquidations, collapsible corporations, and Section 368 reorganizations.

TAX724 – Taxation of Partnerships (4 units)

A complete study of Subchapter “K”, including defining partnerships and partners for tax purposes, receipt of a partnership interest, liabilities, tax accounting for partnerships, distributive shares, terminations, and tax shelters.

TAX735 – Taxation of Real Estate (3 units)

Subject matters in this course include complete coverage of federal income tax implications of all types of real estate transactions, from house closings to sale-leasebacks and syndications. Also covered are real estate tax planning ideas, techniques, and strategies.

TAX726 – Estate Taxation & Planning (3 units)

In addition to comprehensive coverage of federal estate and gift taxation, this course also covers practical matters such as probate, trusts, and joint tenancy.

TAX707 – Income Taxation of Estates & Trusts (3 units)

A complete study of Subchapter “J” of the Internal Revenue Code, including a detailed analysis of such topics as computations of taxable income of an estate or trust and tax treatment of beneficiaries.

TAX709 – Fundamentals of International Taxation (3 units)

This course provides an introduction to international taxation and provides a general overview of the US system of taxing the foreign income of its citizens and the US income of non-citizens. It also addresses foundations of taxation in international law, fiscal residence of companies, rules for determining income and expenses, and tax incentives in developing countries.

TAX710 – IRS Practice & Procedure (3 units)

This course studies the entire range of tax procedure and IRS practice, including a full analysis of the laws pertaining to tax procedure and how the IRS interprets and applies those laws. Complete descriptions of how the IRS operates and suggested techniques for representing clients with specific IRS problems are also covered.

TAX711 – Tax Fraud & Evasion (3 units)

Designed to assist attorneys and tax professionals advising on potential fraud situations, this course includes discussions of tax evasion versus tax avoidance, investigation and processing of potential criminal fraud, compromise procedures, civil penalties, and contesting the deficiency assessment.

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