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The Master of Laws (LL.M.)
(
with a concentration in Taxation) Program

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The Master of Laws (with a concentration in Taxation) Program

Overview

The Master of Laws (with a concentration in Taxation) Program (hereinafter the Program) is a directed independent study program specifically designed for practicing attorneys and other law school graduates. Completion of this Program is not intended to, and will not, qualify graduates to sit for any bar examination.

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.

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The Master of Laws (with a concentration in Taxation) Program

Presentation


The Program is presented on a trimester basis. Each trimester consists of a minimum time period of 16 weeks from the date study commences. Students not completing all trimester coursework in the 16-week period will be granted an automatic 2 month extension of time to complete the trimester. There are no assignments that must be submitted on a weekly or monthly schedule and students may take time off between trimesters. However, except in special circumstances, the entire Program must be completed within five years from the date of matriculation

The Program requires no classroom attendance. Prior students have resided in all regions of the United States as well as Asia, Europe, and the Middle East.

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The Master of Laws (with a concentration in Taxation) Program

Instruction Policies and Methods


Each course in the Program contains a series of Lesson Assignments generally consisting of reading assignments in academic and technical publications. The majority of assignments are submitted electronically. (Internet access and minimum computer skills are required as a condition of admittance.) Students are tested through open-book objective examinations. The University faculty believes objective examinations and assignments are appropriate in this type of program since students are encouraged to develop proficient research and analytical skills, rather than merely memorizing rules of law.

Course materials are updated on a regular basis and assignments are always based on current tax law.

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The Master of Laws (with a concentration in Taxation) Program

Admission Policies and Requirements

Applicants seeking admission to the 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, the three year occupational experience requirement as the Master of Science in Taxation Program. 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.)

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The Master of Laws (with a concentration in Taxation) Program

Graduation Requirements

To earn the Master of Laws (with a concentration in Taxation) degree, a student must complete a minimum of 24 units including TAX 701, TAX 702 and TAX 708 with a cumulative grade point average of at least 2.00. The requirements may be completed in as little as forty eight weeks and must be completed within three years from the date of initial enrollment.

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The Master of Laws (with a concentration in Taxation) Program

Curriculum

The following courses are required to be completed in the first trimester. (Click on the course title for full course descriptions.)

Required Courses
Units
  Tax Research Techniques (TAX 721) 3
Federal Income Tax Aspects of Organizing and Operating Corporations (TAX 702) 3
Federal Income Taxation of Individuals (TAX 708) 3
Elective Courses
Students may select electives from the following list of courses and must complete a minimum of (15) units.
 
  Federal Income Tax Aspects of Corporate Reorganizations (TAX 703)
3
Taxation of Partnerships (TAX 724) 4
Taxation of Real Estate (TAX 735) 3
Estate Taxation and Planning (TAX 726) 3
Income Taxation of Estates and Trusts (TAX 707) 3
Fundamentals of International Taxation (TAX 709) 3
IRS Practice and Procedure (TAX 710)
3
Tax Fraud and Evasion (TAX 711)
3

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The Master of Laws (with a concentration in Taxation) Program

How to Enroll


To apply for admission to the Program, an applicant must first complete the
Application for Admission form and mail it to the Admissions Office, along with the required $75.00 application fee (Additional $55.00 for Applicants seeking transfer credit). It is not necessary to submit official transcripts at the time of application. However, official transcripts will be required within 45 days of enrollment.

If the applicant is accepted for admission to the Program, enrollment materials will be prepared and transmitted to the applicant for review and signature. All payments submitted for tuition and fees must be payable in U.S. dollars. Payments may be made by MasterCard®/Visa®/American Express®/Discover® or personal/business check as described in Section VII of the Application for Admission form.

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The Master of Laws (with a concentration in Taxation) Program

Financial Information

The tuition for the Program is $9,480.00 for students enrolling in the minimum of 24 units. (Students must enroll in a minimum of eight units per trimester). Additional units are $395.00 each. There is a $250.00 per trimester surcharge for all students who are residing outside of the United States. The nonresident surcharge can be avoided if the nonresident maintains a mailing address within the U.S. Additional information on financial aid and tuition financing is set forth HERE.

Fee Schedule

Application Fee

$75.00

Transfer Student Evaluation Fee $55.00
Registration Fee (Per Trimester)  $40.00
Non Resident Surcharge $250.00
Graduation Check/Diploma Fee

$75.00

Computer Library Fee (Per Trimester) $75.00
Administrative Accounting Fee (Per Trimester)
(Installment Payment Option Only)
$25.00
Transcript Fee(Two Provided at No Charge) $  7.50
Late Payment Fee $25.00

The cost of books and materials, other than each course syllabus, is not included in the tuition. Most books and materials may be purchased at local colleges, retail bookstores, directly from publishers or over the Internet. The cost is estimated to average approximately $135.00 per course.

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The Master of Laws (with a concentration in Taxation) Program

Faculty


The University employs faculty qualified to undertake the level of instruction or course development that they are assigned. They possess degrees or credentials appropriate to the degree program and level they teach. A complete listing of faculty and their qualifications is set forth in a separate
Catalog Supplement.

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The Master of Laws (with a concentration in Taxation) Program

Frequently Asked Questions

1. Q. How long does it take to complete the Program?
A.
The Program can be completed in as little as 48 weeks. Students may take as long as three years to complete the Program. Experience has shown the typical student will complete the Program in two to three years.

2. Q. Will you accept transfer credits from other LL.M. Programs?
A.
Regulations of our accrediting body, the Distance Education and Training Council, limit transfer credits. No credit will be granted for courses completed more than two years before the time of enrollment at the School. Applicants should include complete information on prior graduate studies at the time of application and a determination of the applicable transfer credits will be made at the time of acceptance.

3. Q. Can I defer my existing student loans?
A.
As a result of legislation passed by Congress in 2006, Taft students are now generally eligible to defer repayment of existing Federal Financial Aid (FSA) student loans during their term of enrollment in the Program. To continue the deferral, students must maintain satisfactory academic progress toward earning the degree.

4. Q. How much Continuing Professional Education credit can I expect my state bar and/or CPA board will accept?
A.
State Bar and CPA rules vary dramatically from state-to-state. Consistent with the AICPA Statement on Standards for Continuing Professional Education Programs, the School recommends 15 credits (hours) be awarded for each semester unit completed. CPE credit is earned at the time an individual course in the Program is completed. However Taft Law School is not an approved provider of Continuing Education Credits in any state.

5. Q. I’m not sure I want to complete the entire Program, can I take just one course rather than enroll in the entire Program?
A. No. Students are enrolled in 8 units each trimester. However, a student who elects not to complete the Program or enroll in additional trimesters has no financial obligation to the School beyond the current trimester.

6. Q. What financial aid and tuition financing alternatives are available?
A.
Many students are eligible for financial aid through employer tuition reimbursement programs and/or the
Partners in Professional Education (PIPE) Program. In addition, the School offers a no interest financing alternative which permits students to pay approximately 30% of tuition at the time of enrollment and the balance over a 5 month period.

7. Q. I’m a graduate of a foreign law school. Will completion of this Program qualify me for any state bar examination?
A.
No. The School is not accredited by the American Bar Association, has not applied for such accreditation, and does not expect to apply for such accreditation in the future. The Program is not designed to qualify students to sit for the bar examination in any state.

8. Q. Is there ever a need to come to California?
A.
No. Academic and administrative procedures are carefully designed so that students can complete all requirements for graduation entirely by independent study, without unreasonably disrupting their professional or family lives. Students may elect to utilized online proctoring or test at over 350 approved proctoring sites. If a testing site is not convenient to a student, procedures are in place for the student to nominate a proctor.

9. Q. Will I need to complete courses pursuant to a rigid timetable?
A.
No. Each trimester consists of a minimum time period of 16 weeks from the date study commences. Students not completing all trimester coursework in the 16-week period will be granted an automatic 2 month extension of time to complete the trimester. There are no assignments that must be submitted on a weekly or monthly schedule and students may take time off between trimesters. However, except in special circumstances, the entire Program must be completed within five years from the date of matriculation

10. Q. How soon can I get started?
A.
The University maintains open enrollment throughout the year.
Applications are reviewed weekly and most students commence study within three weeks from the date of application. Trimesters start on the 15th of each month.
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