Calculating Cash Flow from S-Corporation & Partnership Tax Returns

(90-minute webinar – recording also available)

 Thursday, February 4, 2021   

12:00 PM Pacific      1:00 PM Mountain

2:00 PM Central       3:00 PM Eastern 

Does it ever seem you need a secret decoder ring to convert business tax returns to cash flow? This session will help take the mystery out of Partnership and S-Corp tax returns so you can identify real cash flow quickly and accurately.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Find the real cash flow from a Form 1065 (Partnership) and a Form 1120-S (S Corporation) tax return
• Understand what a ‘pass through’ entity is and how it affects tax reporting and cash flow
• Identify how much the owners are taking out of the business in salaries, dividends/distributions, and loans
• Convert an accrual basis tax return to cash basis
• Learn how to read the Schedule K-1 to identify cash flow
• Distinguish between phantom income and real cash flow

WEBINAR DETAILS

To qualify a business borrower for a loan, you need to be able to determine the cash flow of the business entity (or entities) involved. Tax returns were designed to report taxable income, not cash flow. Partnerships and S-Corps are pass-through entities, meaning that they do not pay taxes directly. Instead, they pass the taxable income through to the owners’ individual tax returns. Your job is to disentangle all the passed-through incomes, reassemble them for the business, then determine what cash flow will be used as qualifying income.

Overestimating income from a tax return may lead to the approval of a weak loan that could cost your institution hundreds of thousands of dollars in losses. Underestimating income can lead you to deny loans that should be approved, resulting in missed opportunities to grow your loan base. This session will help take the mystery out of Partnership and S-Corp tax returns so you can identify real cash flow quickly and accurately.

WHO SHOULD ATTEND?

This informative session is designed for anyone in the lending area including chief lending officers, loan officers, loan underwriters, loan sales officers, credit analysts, loan processors, branch managers, CEOs, and other key staff in the lending process. 

TAKE-AWAY TOOLKIT

• Participants will receive the 2021 Lenders Tax Analyzer for S Corps and Partnerships. This interactive cash flow calculator will help you quickly and easily convert a Form 1065 or 1120-S into a cash flow report
• Employee training log
• Interactive quiz 

DON’T MISS THESE RELATED WEBINARS!

Calculating Cash Flow from Corporate Tax Returns

on Wednesday, January 27, 2021

Determining Cash Flow from Personal Tax Returns Part 1: Form 1040, Schedules B & C

on Thursday, February 18, 2021

Determining Cash Flow from Personal Tax Returns Part 2: Schedules D, E & F

on Wednesday, March 3, 2021 

    MEET THE PRESENTER - Tim Harrington, CPA, TEAM Resources

Tim Harrington is President of TEAM Resources and has been a financial institution consultant for over 28 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.

THREE REGISTRATION OPTIONS – WHAT YOU GET

1. Live Webinar Includes

• Unlimited connections within your institution to the Live Webinar
• Handout and Take-Away Toolkit
• Available on desktop, mobile & tablet
• Presenter’s contact info for follow-up 

2. Recorded Webinar Includes

• Recording of the Live Webinar
• Available two business days following Live date
• Handout and Take-Away Toolkit
• Available on desktop, mobile & tablet
• Free Digital Download, yours to keep
• Share link with anyone at your institution
• Presenter’s contact info for follow-up

3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here.

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.

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE