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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

National Paralegal College | Evaluated Learning Experience

Federal Income Taxation (PLG-201)


Varies; self-study format.

Various, distance learning format.
January 2010 - Present.
Instructional delivery format: 
Online/distance learning
Learner Outcomes: 

Upon successful completion of the course, students will be able to: list types of income that are subject to federal income taxation and those that are exempt; analyze when and to what extent unearned income (prizes, gifts, windfalls, etc.) are subject to income taxation; recognize the types of tax deferrals that might be available and advantageous to a particular client and discuss pros and cons of various forms of tax deferral; differentiate between cash method and accrual method in accounting and discuss tax ramifications of both; explain differences between various types of retirement accounts and tax features of each; outline types of individual personal income tax deductions, business income tax deductions and deductions for individuals running the business; analyze how and to what extent a mixed personal and business expense may be eligible for an income tax deduction; research and find the income tax rates for trusts and analyze various options for reducing a trust's income tax burden; compare and contrast grantor and non-grantor trusts and the importance of each; outline the method of determining long and short-term capital gains tax liability; and assist in the preparation of Form 1040-Individual Income Tax Return as well as other important tax forms such Form 1041 (Fiduciary Income Tax Return) and extensions and administrative forms.


This course focuses on individual taxpayers and also looks at various other types of taxpayers such as trusts, estates, partnerships, and corporations. Other topics include: imposed income taxes; taxation of ordinary income; interest, corporate dividends and capital gains; personal and business deductions and advantages of both; income tax rules and the effects on planning certain types of businesses, ventures, and estate planning techniques; practical aspects of income tax law and preparation of various types of income tax returns. Evaluation criteria include: required readings, essay assignments, class participation, and final exam.

Credit recommendation: 

In the lower division baccalaureate/associate degree category OR in the upper division baccalaureate degree category, 3 semester hours in Income Tax Law (1/13) (3/18 revalidation) (5/23 revalidation).