Frequently Asked Questions
Master of Science in Taxation Program
-
How long does it take to complete the program?
The University’s commitment to the Distance Education Accrediting Commission (DEAC) precludes any student graduating from a university degree program in less than one year. Students may take as long as five years to complete the program.
-
Will you accept transfer credits?
Yes, students may apply to transfer up to a total of 15 credits from comparable coursework completed at approved institutions. Applicants seeking transfer credit must pay the $55 Transfer Credit Evaluation Fee and include full official transcripts and course descriptions with their application to the program.
-
How much Continuing Professional Education (CPE) credit can I expect my state board to accept?
Consistent with the AICPA Statement on Standards for Continuing Professional Education Programs, the University recommends 15 credits (hours) be awarded for each credit completed. CPE credit is earned at the time an individual course in the program is completed.
-
I’m not sure I want to complete the entire program. Can I take just one course rather than enroll in the entire program?
No. Students are enrolled in an average of 6 credits each semester with the exception of the final capstone project; however, a student who elects not to complete the program or enroll in additional semesters has no financial obligation to the university beyond the current semester.
-
Is this program approved for federal student aid?
No. We do not currently accept Title IV loans for the Master of Science in Taxation (MST) program.
-
Are there any other financial aid options available to students not eligible for Title IV?
Yes. Many students are eligible for financial assistance through employer tuition reimbursement programs and/or Taft University’s Partners in Professional Education (PIPE) program. Additionally, the university offers a no-interest payment plan, which permits students to pay 30% of the semester’s tuition at the time of enrollment and the remaining balance over multiple months. Other financing sources or scholarship opportunities may also be available via the website’s Scholarships & Grants page.
-
Why are three years of occupational experience in accounting or taxation required for this program?
Students are expected to possess a basic understanding of the federal tax system prior to admission. In addition, we believe practical experience is an important element in the development of a tax professional.
-
Is there ever a need to attend a physical class?
No. Academic and administrative procedures are carefully designed so that students can complete all requirements for graduation entirely online without unreasonably disrupting their professional or family lives.
-
Will I need to complete courses pursuant to a rigid timetable?
No. Each semester consists of 16-week terms. Students not completing all coursework in the semester will be granted an automatic 30-day extension. A student may not advance to the next course until the current course is complete. The entire program must be completed within five years from the date of matriculation.
-
How are examinations handled?
Students are required to pass proctored assessments and examinations throughout the program. The exams can be proctored online by ProctorU under the supervision of a web camera and microphone – or students can select a member of the Consortium of College Testing Centers (CCTC). CCTC offers proctoring services at over 250 locations throughout the United States.
-
What research tools are available to students?
The university provides all students with independent online research tools to assist in performing coursework through the Library & Information Resources Network (LIRN) Virtual Library Collection. LIRN is an extensive collection of scholarly information, sources, and reference titles from a variety of databases.
-
How soon can I get started?
The program utilizes an open enrollment policy. Students may commence study at the start of any academic session. Approved applicants may delay enrollment for a maximum of six months. If an approved applicant has not enrolled within six months of acceptance, a new application, including fees and documents, will be required.