Wednesday
Jan 31
2018

Understanding Personal Tax Returns Part 1: Schedules A, B, C & D

Registration Options & Pricing

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Live Webinar Includes

  • One connection to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Presenter’s Contact Info for Follow-Up

Recorded Webinar Includes

  • Recording of the Live Webinar
  • Available six business days following Live date
  • Available for 6 months following Live
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your credit union
  • Presenter’s contact info for follow-up
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Wednesday, January 31, 2018

10:00 am – 11:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

Regardless of recent tax reform talk, determining a self-employed borrower’s cash flow is as challenging as ever. Tax returns show taxable income, not cash flow. But borrowers don’t repay debt with taxable income; they use cash flow. Overestimating income from a tax return can lead to approving a weak loan that could result in a loss. Underestimating income can cause denial of good loans. Learn an easy, reliable process to convert a borrower’s personal tax return (Form 1040) into a cash flow statement using the free software included with this course.

This session is designed for consumer and commercial lenders and will cover the first page of the Form 1040: Schedule A (Itemized Deductions), Schedule B (Interest and Dividend Incomes), Schedule C (Sole Proprietorship Incomes), and Schedule D (Capital Gains and Losses). (Note: This method does not follow Fannie, Freddie, or QM rules used in mortgage lending.)

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • Recurring versus nonrecurring income or loss
  • Determining cash flow from deposit accounts, stock investments, etc.
  • Pass-through interest and dividend incomes from partnerships and S Corporations
  • Hidden incomes and a hidden expense in Schedule C
  • When to accept income from capital gains, installment sales, and other sales

  • TAKE-AWAY TOOLKIT
    • Free copy of Lenders Tax Analyzer© software
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

DON’T MISS PART 2!

"Understanding Personal Tax Returns Part 2: Schedules E & F"
Tuesday, February 27, 2018

WHO SHOULD ATTEND?

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

PLEASE NOTE: Program content is subject to copyright and intended for your individual financial institution’s use only.

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