Wednesday
Feb 17
2021

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

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Recorded Webinar Includes

  • Recording of the Live Webinar
  • Can be viewed anytime 24/7, beginning 2 business days after the webinar
  • 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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This is a 90-minute webinar.

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

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.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • 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

WEBINAR DETAILS

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.

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

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

TAKE-AWAY TOOLKIT

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

DON'T MISS THESE RELATED WEBINARS!

"Calculating Cash Flow from Corporate Tax Returns"
Thursday, January 28, 2021

"Calculating Cash Flow from S-Corporation & Partnership Tax Returns"
Wednesday, February 3, 2021

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

Thursday, March 4, 2021

 

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

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