Loyola Law School, Los Angeles, is launching a Master of Tax Law program to equip non-lawyers with the skills necessary for the practice of tax planning and consulting, as well as satisfy the “fifth year” requirements for California CPA licensure.
The program’s courses will be taught by the faculty of Loyola’s Tax LLM program and seek applicants with strong accounting, finance or economics backgrounds, and GMAT scores of 710 or higher. All regularly admitted students will receive full scholarships for the 2014-15 inaugural academic year. Part-time students will have the flexibility of taking day or evening classes to continue working while pursuing their degrees.
“We are looking for the highest caliber students who have a range of options for their graduate studies,” said professor Jennifer Kowal, Tax LLM program director, in a statement. “The scholarships are just one way of demonstrating that we are committed to providing them an elite program that meets their needs.”
Instructors include full-time faculty who have served as law firm tax partners, Treasury Department officials and a U.S. Supreme Court clerk.
“Rather than simply learning rules, students will learn how the tax laws apply to common situations, and how to structure business operations and transactions to achieve the best tax results,” stated Kowal.
Training offerings will include live-client clinics, tax externships and experimental learning opportunities around the downtown L.A. campus.
“Tax planning and consulting is a high-demand field, and our contacts at large accounting firms tell us that as they outsource more basic tax functions, they need more employees with high-level tax training focused on planning,” Kowal stated. “After hiring students from our graduate tax program over the last several years, they know our program provides this training.”