Cracking the Personal Tax Return Code Part 1: Form 1040, Schedules B & C
On-Demand Webinar:
StreamedFeb 21, 2024Duration90 minutes
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Tax returns are almost written in a secret code. This program and the accompanying software are the ‘magic’ code breakers you need.
Determining actual
cash flow from a personal income tax return is
critical for a lender because borrowers don’t repay debt with taxable income;
they use cash flow. Learn to accurately interpret personal tax returns and
identify reliable, recurring income.
WEBINAR
HIGHLIGHTS:
- General: Identify recurring incomes as cash flow… and learn to ignore the rest
- Schedule B: Determine qualifying cash flows from interest-earning investments, dividend-producing investments, etc.
- Schedule B: Identify and ignore phantom incomes that pass through as interest or dividends
- Schedule C: Find hidden incomes and become aware of a hidden expense in sole proprietorships
WEBINAR DETAILS
Tax returns don’t show cash flow; they show taxable
income. What you need to know is cash flow because that is how your loan is
paid back. With the process outlined in this session and the free Lenders Tax
Analyzer© software each registrant receives, you will gain an easy, reliable
method to convert a borrower’s personal tax return (Form 1040) into a
borrower’s cash flow statement.
This is Part 1 of a two-part series. In Part 1, you will learn to cash flow 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 incomes into cash flows 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.)
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 officers, credit analysts, loan processors, branch managers, CEOs, and
other key lending staff.
TAKE-AWAY TOOLKIT
- Free copy of 2023 Lenders Tax Analyzer© software for 2023, 2022, and 2021 personal tax returns
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your institution is prohibited. Print materials may be copied for eligible
participants only.
Presented By
Timothy P. Harrington
TEAM Resources
© 2024 FINANCIAL EDUCATION & DEVELOPMENT, INC