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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

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National Tax Training School | Evaluated Learning Experience

Federal Income Tax Course (ACC 200)

also known as Basic Taxation (ACC 200)
Location: 
Various; distance learning or proficiency exam format.
Length: 

Version 1 and 2: 140+ hours. 

Dates: 

Version 1: January 2007 - September 2017. Version 2: October 2017 - Present.

Instructional delivery format: 
Online/distance learning
Learner Outcomes: 

Version 1 and 2: Upon successful completion of the course, students will be able to: define the concepts, principles, and rules of taxation of individuals and small businesses; prepare tax forms for individuals and sole proprietorships; recognize tax planning opportunities and recommend appropriate tax-saving strategies for decision making; and address tax situations for all types of taxpayers, such as wage earners, salespersons, owners of small business, professionals, investors, home and rental property owners, farmers, etc. 

Instruction: 

Version 1 and 2: The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: general tax principles, exemptions, the tax computation, gross income exclusions and inclusions, gain or loss on the sale or exchange of property, capital gains and losses, business deductions, other allowable deductions;accelerated cost-recovery, depletion and amortization, business and casualty losses, bad debts, self-employment tax, estimated tax, and payroll taxes, income tax withholding, tax credits, special provisions, ethics and regulations governing the practice of tax practitioners.

Credit recommendation: 

Version 1: In the lower division baccalaureate/associate degree category, 3 semester hours in Accounting, Taxation, or Business (1/12). Version 2: In the upper division baccalaureate degree category, 4 semester hours in Accounting, Taxation, or Business (10/17 revalidation).

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