Professor you are amazing. I was looking for this video about two weeks ago and I couldn't find anyone that could explain it like you. I know you say you don't replace exam preps but I think your method is way more affective.
Hi Sir.Thank you so much for explaining in detail..Could you just tell me whether this built in gain is only for corporations or will this be applied to partnership as well?
Hi Professor Farhat, I just passed FAR and originally I planned to take AUD next but I'm nervous about the CPA exam changes that will eventually remove BEC. Would taking BEC next just to lock in that credit be a good idea, and then take AUD afterwards?
I also have a question. What happens if you elect a S-corp conversion but you except an increase to an asset and make a sale in 5 years? Would that be considered fraud? Is it fraud if you intended to make the conversion because of the appreciation on the asset?
Professor you are amazing. I was looking for this video about two weeks ago and I couldn't find anyone that could explain it like you. I know you say you don't replace exam preps but I think your method is way more affective.
Thank You. Please visit my website for more: www.farhatlectures.com
This was really helpful sir.. thank you
Thank you and please visit the website for more farhatlectures.com/
Fantastic explanation.. May i know how built in loss of $70,000 arrived?
Which minute ae you referring to?
@@AccountingLectures
10:08
I have the same question.
The built in loss should be $20,000, that net build in gain would be 75,000(95,000-20,000). I believe $70,000 should be a typo, am I correct?
Hi Sir.Thank you so much for explaining in detail..Could you just tell me whether this built in gain is only for corporations or will this be applied to partnership as well?
Hi Professor Farhat, I just passed FAR and originally I planned to take AUD next but I'm nervous about the CPA exam changes that will eventually remove BEC. Would taking BEC next just to lock in that credit be a good idea, and then take AUD afterwards?
Send me your phone number: Mansour.farhat@gmail.com or 484-894-1008
I also have a question. What happens if you elect a S-corp conversion but you except an increase to an asset and make a sale in 5 years? Would that be considered fraud? Is it fraud if you intended to make the conversion because of the appreciation on the asset?
Noone can predict the future for 5 years ahead! Thank You. Please visit my website for more: www.farhatlectures.com