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

Session Available from: Dec 14, 2020 12:00 - Aug 18, 2021 12:00
Session Options: Webinar, Recorded, Both Live/Recorded, (US).
Live Session Date: Feb 18, 2021 - Feb 18, 2021
Time: 02:00 - 03:30
Event description:

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

(90-minute webinar – recording also available)

Thursday, February 18, 2021

12:00 PM Pacific       1:00 PM Mountain

2:00 PM Central       3:00 PM Eastern

Using personal tax returns to determine a borrower’s actual cash flow available to service debt is as challenging as ever. Join us to learn the latest techniques to help you sort out all that tax data and find exactly the information you need. 


  • Understand the concept of recurring income
  • Find employee business expenses that might not count toward cash flow
  • Identify actual cash flows from Schedule B: Interest and Dividends
  • Correctly account for pass-through interest and dividend income earned from Partnerships and S Corporations contained on Schedule B
  • Identify hidden income and expense in a Sole Proprietorship


What does a lender need from a personal tax return? Simple. They need to determine if there is reliable, recurring cash flow available to make debt payments. Unfortunately, tax returns were never designed to show cash flow. They show taxable income.

With the information from this session, along with the free Lenders Tax Analyzer© software included with your registration, you will learn an easy, reliable method to convert a borrower’s personal tax return (Form 1040) to an accurate cash flow statement.

In Part 1 of this 2-part program, we will dissect the front page of Form 1040, Schedule B (interest and dividend incomes), and Schedule C (sole proprietorship incomes). When you finish this session, you will be able do a little ‘magic’ and convert taxable income into actual cash flow that you can plug into your credit scoring model, your debt-to-income ratio, or your disposable income calculation.

Note: This session is designed for consumer and commercial lenders. This method does not follow Fannie, Freddie, or QM rules used in mortgage lending. 


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


  • Every participant will receive a free copy of Lenders Tax Analyzer© software.
  • Employee training log
  • Interactive quiz 


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

on Wednesday, March 3, 2021 

Calculating Cash Flow from Corporate Tax Returns

on Wednesday, January 27, 2021

Calculating Cash Flow from S-Corporation & Partnership Tax Returns

on Thursday, February 4, 2021 

Tim Harrington    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.


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.