Home Page - Farhat Accounting Lectureshttp://site-overview.com/stats/farhatlectures.org
Intermediate accounting Keiso, Keiso Intermediate Accounting, Spiceland intermediate accounting, intermediate accounting Spiceland, Intermediate Accounting 16th Edition, Donald E. Kieso, Financial Accounting Standards, Conceptual Framework, GAAP, GASB, FASb, SEC, Adjusting entries, Deferred expenses, deferred, revenues, depreciation, accrued expenses, accrued revenues, Journalizing, posting to the ledger, normal balances, Accounting equation, Debit, credit, assets, liabilities, equity, stockholders’ equity, revenues, expenses, expenses, cost of goods sold, gains, losses, GAAP, SEC, financial accounting, managerial accounting, CPA exam, income statement, balance sheet, statement of retained earnings, accounting
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1031 Exchange Made Simple - 1031 Exchange IRS Tax Ruleshttp://site-overview.com/stats/1031exchangemadesimple.com
A 1031 exchange represents a simple, strategic method for selling one qualifying property and the subsequent acquisition of another qualifying property within a specific time frame. Although the logistics of selling one property and buying another are virtually identical to any standard sale and purchase scenario, an exchange is different because the entire transaction is memorialized as an exchange and not a sale. And it is this distinction between exchanging and not simply selling and buying which ultimately allows the taxpayer to qualify for deferred gain treatment. So essentially, sales are taxable and exchanges are not.
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