National Tax Training School

Overview

National Tax Training School (NTTS), an NCCRS member since January 2012, has been at the forefront of providing quality training in the tax and related fields since 1952 and is the nation's foremost specialized school of taxation and finance entirely devoted to this field and offers highly successful comprehensive courses - especially developed for distance learning.

NTTS texts are written by the school's team of highly skilled professionals and experienced educators in a clear concise manner, using language which is understood even by students who do not have an accounting background. The course materials are continuously revised and always up-to-date, reflecting the changes in the laws and regulations as they are implemented, and are used by some of the nation's most prominent CPA firms for the pre-tax season training of staff members.

This in-depth, effective, and efficient training has over the years enabled NTTS graduates to firmly establish themselves as reputable professionals and to take their places among the leading tax consultants in many communities throughout the nation. A team of highly skilled instructors and support staff ensure that students receive the highest level of personalized instruction available. In addition to a solid training program in taxation and finance, NTTS provides its students with the effective proven business building instructions needed to attain success in this and any other professional field.

Students and admissions representatives please note: NCCRS does not provide transcripts. Transcript requests and inquiries should be directed to the organization offering the courses, examinations or apprenticeship. See the Source of Official Student Records in the sidebar near the top right side of this page.

Titles of all evaluated learning experiences

Advanced Taxation (ACC 353)

Advanced Taxation I (ACC 351)

Advanced Taxation II (ACC 352)

Federal Income Tax Course (ACC 200)

also known as Basic Taxation (ACC 200)

Personal Finance (FIN 200)

Principles of Accounting I, Financial Accounting (ACC 101)

Principles of Accounting II, Managerial Accounting (ACC 102)

Source of Official Student Records

National Tax Training School

67 Ramapo Valley Road, Suite 102

PO Box 767

Mahwah, NJ 07430

United States

Phone:

800-914-8138

Organization Website

Descriptions and credit recommendations for all evaluated learning experiences

Advanced Taxation (ACC 353)

Location:

Various; distance learning or proficiency exam format.

Length:

200+ hours.

Dates:

January 2007 - Present.

Instructional delivery format:

Online/distance learning

Learner Outcomes:

Upon successful completion of the course, students will be able to: use of the fundamental concepts of the federal income tax system as applied to individuals, corporations, and fiduciaries; prepare tax forms for individuals, partnerships, corporations and trusts; recognize tax planning opportunities and recommend appropriate tax-saving strategies for decision making; and apply the fundamentals of tax law and research to problem situations likely to be encountered in tax practice.

Instruction:

The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: individual determination of tax; gross income inclusions; gross income exclusions; property transactions; capital gains and losses; deductions and losses; itemized deductions; losses and bad debts; employee expenses and deferred compensation; depreciation; cost recovery; amortization and depletion; accounting periods and methods; property transactions; non-taxable exchanges; property transactions; Section1231 and recapture; special tax computation methods; and tax credits; corporations- tax research; corporate formations and capital structure; corporate income tax;corporate nonliquidating distributions; other corporate tax levies; corporate liquidating distributions; corporate acquisitions and reorganizations; partnership formation and operation;special partnership issues; administrative procedures; gift tax; estate tax, income taxation of trusts and estates.

Credit recommendation:

In the upper division baccalaureate degree category, 6 semester hours in Accounting, Taxation, or Business OR in the graduate degree category, 3 semester hours in Accounting, Taxation, or Business (1/12) (10/17 revalidation).

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Advanced Taxation I (ACC 351)

Location:

Various; distance learning format.

Length:

100+ hours.

Dates:

January 2012 - Present.

Instructional delivery format:

Online/distance learning

Learner Outcomes:

Upon successful completion of the course, students will be able to: define concepts, principles, and rules of taxation of individuals and small businesses; apply the fundamentals of tax law and research to problem situations likely to be encountered in tax practice when dealing with individuals; prepare moderately complex 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.

Instruction:

The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: determination of tax, gross income inclusions, gross income exclusions, property transactions, capital gains and losses, deductions and losses, itemized deductions, losses and bad debts, employee expenses and deferred compensation, depreciation, cost recovery, amortization and depletion, accounting periods and methods, property transactions, non-taxable exchanges, property transactions, Section1231 and recapture, special tax computation methods, and tax credits.

Credit recommendation:

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

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Advanced Taxation II (ACC 352)

Location:

Various; distance learning format.

Length:

100+ hours.

Dates:

January 2012 - Present.

Instructional delivery format:

Online/distance learning

Learner Outcomes:

Upon successful completion of the course, students will be able to: discuss the fundamental concepts of the federal income tax system as applied to corporations, and fiduciaries; prepare tax forms for partnerships, corporations and trusts; recognize tax planning opportunities and recommend appropriate tax-saving strategies for decision making; and apply the fundamentals of tax law and research to problem situations likely to be encountered in tax practice.

Instruction:

This course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: corporations- tax research; corporate formations and capital structure, corporate income tax, corporate non liquidating distributions, other corporate tax levies, corporate liquidating distributions, corporate acquisitions and reorganizations, partnership formation and operation, special partnership issues, administrative procedures, gift tax, estate tax, and income taxation of trusts and estates.

Credit recommendation:

In the upper division baccalaureate degree category, 3 semester hours in Accounting, Taxation, Corporate Taxation, or Business (1/12) (10/17 revalidation).

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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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Personal Finance (FIN 200)

Location:

Various; distance learning format.

Length:

Version 1 and 2: 120+ hours.

Dates:

Version 1: August 2011 - 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: explain the relationship between lifestyle and personal financial management the process for setting personal financial goals; develop personal financial goals; describe how to maintain records and the mechanics of preparing financial statements; develop a system of record keeping that monitors cash flows; determine financial services applicable to personal financial needs; identify the options involved in making major purchases; discuss the advantages and disadvantages of renting versus buying a home or automobile; differentiate among types of insurance; describe the principles of investment; distinguish features of stocks, bonds, and mutual funds; evaluate sources of professional investment management and services; and develop a plan for building an estate and retirement.

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: an overview of a financial plan, planning with personal financial statements, applying time value concepts, using tax concepts for planning, managing money, assessing and securing credit, managing credit, personal loans, purchasing and financing a home, auto and homeowner's insurance, health and disability insurance, life insurance, investing fundamentals, investing in stocks, bonds, and mutual funds, asset allocation, retirement planning, and estate planning.

Credit recommendation:

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

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Principles of Accounting I, Financial Accounting (ACC 101)

Location:

Various; distance learning format.

Length:

120+ hours.

Dates:

January 2012 - Present.

Instructional delivery format:

Online/distance learning

Learner Outcomes:

Upon successful completion of the course, students will be able to: discuss the role of accounting in the business environment; apply the basic accounting equation; determine the proper debit or credit classification for an account or transaction; understand the accounting cycle; prepare journal entries, adjusting journal entries, and closing journal entries; understand and apply various inventory costing methods; define internal controls, and explain why they are important; prepare a bank reconciliation; account for accounts receivable, including uncollectible accounts; account for liabilities, including salaries, bonds payable, and long term/short term notes payable; account for equity transactions for a corporation; read, understand, and prepare a statement of cash flows; use financial statement information to analyze company performance.

Instruction:

The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: accounting and business environment, recording transactions, adjusting process, the accounting cycle, merchandising operations, inventory, internal controls, receivables, plant assets and intangibles, current liabilities and payroll, long-term liabilities, classification of liabilities, corporations: paid-in capital; corporations: retained earnings, and statement of cash flows.

Credit recommendation:

In the lower division baccalaureate/associate degree category, 4 semester hours in Accounting, Financial Accounting, Principles of Accounting, or Business (1/12) (10/17 revalidation).

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Principles of Accounting II, Managerial Accounting (ACC 102)

Location:

Various; distance learning format.

Length:

120+ hours.

Dates:

January 2012- Present.

Instructional delivery format:

Online/distance learning

Learner Outcomes:

Upon successful completion of the course, students will be able to: discuss the difference between financial and managerial accounting; utilize cost management tools such as activity based costing, job order costing, and process costing to make managerial decisions; understand cost behavior and prepare Cost-Volume-Profit analysis to make business decisions; understand how managers make decisions such as special orders, pricing, or outsourcing using financial information; explain time-value of money concepts and how they affect capital decisions; prepare and understand master budgets; prepare and understand flexible budgets and standard costing; and evaluate business performance both internally and against industrial benchmarks.

Instruction:

The course is offered in a distance learning format with instructor support, graded assignments, and a cumulative assessment. Topics include: introduction to managerial accounting, job order and process costing, activity-based costing, cost-volume-profit analysis, short-term business decisions, capital investment decisions, time value of money, master budgets, flexible budgets, and performance evaluations.

Credit recommendation:

In the lower division baccalaureate/associate degree category, 4 semester hours in Accounting, Principles of Accounting, Financial Accounting, Managerial Accounting, or Business (1/12) (10/17 revalidation).

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