Using Personal Tax Returns Part 2:
Schedules D, E & F
(90-minute webinar – recording also available)
Tuesday, March 17, 2020
12:00 PM Pacific 1:00 PM Mountain
2:00 PM Central 3:00 PM Eastern
Learn the rest of the story with this tax return sequel. It will illuminate how to interpret Schedules D, E, and F for self-employed borrowers. This program will equip you to decipher personal tax returns and identify reliable, recurring cash flow.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Recognize recurring income and learn what to ignore
- Determine which capital gains, installment sales, and other sales items are recurring, and which are one-time flukes to disregard (Schedule D)
- Find the real cash flow from rental and royalty properties (Schedule E, Page 1)
- Distinguish useless “pass through” incomes from partnerships or S corps from real cash flow (Schedule E, Page 2)
- Uncover hidden income in farm tax returns (Schedule F)
What’s your decision-making process for qualifying a self-employed borrower for a loan? Do you understand how to convert tax income (which is practically useless) into cash flow? The key is learning how to obtain a reliable monthly or annual cash flow from a personal tax return. Incorrectly estimating cash flow from a tax return can result in bad loan decisions – or missed opportunities. Once you’ve properly converted taxable income into cash flow, that information can be used in your credit scoring model, debt-to-income ratio, or disposable income calculation.
Designed for consumer and commercial lenders, this two-part series will teach you an easy, reliable method to convert a borrower’s personal tax return (Form 1040) into annual and monthly cash flow statements using the free software included with this course. Part 2 will cover Schedule D (Capital Gains, Installment Sales, and other sales), Schedule E, Page 2 (Rental and Royalty income), Schedule E, Page 2 (Partnership and S Corporation income), and Schedule F (Farm income). (Note: This method does not follow Fannie, Freddie, or QM rules used in mortgage lending.)
WHO SHOULD ATTEND?
This informative session is designed for lending personnel, including chief lending officers, service representatives, new accounts personnel, loan officers, loan underwriters, loan sales staff, credit analysts, loan processors, branch managers, CEOs, and other key lending staff.
- Free copy of Lenders Tax Analyzer© software
- Employee training log
- Interactive quiz
DON’T MISS PART 1!
Qualifying Borrowers Using Personal Tax Returns Part 1:
Form 1040 & Schedules B & C
on Thursday, February 20, 2020
MEET THE PRESENTER
Tim Harrington, CPA, TEAM Resources
Tim Harrington is President of TEAM Resources and has been a financial institution consultant for over 27 years. Tim has advised lenders on verifying income from tax returns since 1992, and consults with financial institutions nationwide on issues of strategy, profitability, and board governance. He speaks at nationwide conferences and has presented in Canada, Mexico, Puerto Rico, Jamaica, and the Virgin Islands. Tim is the author of the popular software, Lenders Tax Analyzer. In addition, his book “Eisenhower on Enlightened Leadership” has been used by management teams nationwide to improve leadership skills. He did his undergraduate studies at Gonzaga University and graduate studies at the University of Washington.
Please note: The live webinar option allows you to have one internet connection (from a single computer terminal). You may have as many people as you like listen and watch from your office computer.
THREE REGISTRATION OPTIONS
Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
- LIVE WEBINAR
The live webinar option allows you to have one internet connection from a single computer terminal. You may have as many people as you like listen and watch from your office computer. Registrants receive a website address and passcode that allows entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed prior to the broadcast. You will need the most current version of Adobe Reader available free at www.adobe.com.
- RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 6 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.
The recorded webinar may ONLY be ordered for 6 months following the live webinar. In addition, the download must be completed within 6 months of the live webinar date.
- BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Options 1 and 2 described above.
AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE