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Working class attorneys looking to advance their careers by going back to school to receive specialized education often choose to enroll in a taxation program online. These programs offer flexibility for attorneys who are working during the day and they can complete their courses on their own schedule. People who haven't been in school for over a decade are often overwhelmed when they start their first semester of classes. This especially holds true when older students go back to school at traditional college campuses where they are at least 10 to 20 years older than the students and much of the faculty. A great way people can earn their taxation degree is to enroll in an online program. But first, when considering a degree in taxation, returning students need to know the types of program concentration options that are available to them and choose the one that best suits their needs. General Business Taxation Concentration A good rule of thumb for people returning back to school to earn a secondary degree to advance their career is if they don't yet know which area of taxation they want to concentrate in to choose to enroll in the general business taxation concentration program. This encompasses all sectors of taxation in business and the student doesn't specialize in one specialty. Individuals will learn the basics of bankruptcy, tax accounting, state and local taxation, pension and profit sharing, partnership tax, and structuring intellectual property ownership courses to name a few. Upon completion of this program, students will graduate with a degree in general business taxation. Estate Planning Taxation Concentration For those students who are interested in specializing in financial planning or estate planning will benefit by enrolling in an estate planning taxation concentration program at an online college. In this concentration, students will learn advanced principles of estate planning, estate and gift taxation, executive compensation, sharing and pension profits, charitable giving tax aspects, fiduciary and trust taxation, and international estate planning courses. This is a partial list of what the entire program entails. Students will learn in depth theories and principles in regards to estate planning, as well as focusing on income, transfer, and gift tax issues that often arise when planning financial estates. International Taxation Concentration Attorneys who represent clients who travel internationally often need to know the laws from other countries, especially when it comes to international taxes. Students enrolled in this tax llm program will learn about topics including international tax for trade, finance and investments, taxing intellectual property, inbound international taxation, United States transfer pricing, and consumption taxes and VAT. Students will learn both inbound and outbound international taxation, paying attention to fiscal jurisdiction and foreign tax credits. They'll also learn how to properly report foreign real estate and investments. Financial Services Taxation Concentration Students who have the desire to enroll in one of the several tax llm programs can also choose to specialize in financial services taxation. When individuals choose to enroll in a taxation program that offers a concentration in financial services taxation, they'll learn about topics including financial product taxation, both in application and in principle, real estate taxation, tax accounting, international taxation, tax exempt financing, insurance company taxing and more. Students will learn the 'meat and potatoes' of what all entails in financial services taxation. This concentration program gives students a hands-on approach to learning real-world scenarios and knowledge to become a tax practitioner. General Degree Program Course Layout Returning students who already have law degrees who aspire to be a tax practitioner can enroll in the taxation degree program and add any one of the concentrations listed. The graduate tax program consists of 35 courses related to different taxation principles, laws, and rules, with five of the courses being core courses that are required to earn a degree. Individuals who want to change their career entirely or add a new service to their list of legal services they already provide will benefit by enrolling in this online program offering. Students must retain an average grade point average of 3.0 and cannot have more than one "D" grade when enrolled in one of the taxation programs. Depending on a student's workload, they can either choose to enroll in a program full-time or part-time. Careers Available Attorneys looking to change their career by enrolling in a taxation degree program who successfully graduate can immediately apply for work in top legal firms in the United States, tax consulting firms, corporate and government agencies, and financial accounting firms. Tax practitioners are in high demand and offer a high competitive salary and benefits package. Returning students should meet with an academic advisor before enrolling in the taxation program to help determine which concentration best suits their needs. Colleen Welsh enjoys writing about online college programs and degrees, including the master of laws degree program. She aspires to go back to school one day to earn her graduate degree.
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