Events Calendar

Webinar: Calculating Cash Flow from S-Corporation & Partnership Tax Returns
Wednesday, February 03, 2021, 03:00pm - 04:30pm

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.


  • 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


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.


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.


  • 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

SPEAKER:  Tim Harrington, TEAM Resources

Tim Harrington is a Certified Public Accountant, author, and consultant who has specialized in working with community financial institutions since 1992. Since 1996, Tim has been President of TEAM Resources, a firm which provides consulting, strategic planning, and training from coast-to-coast.

A presenter at over 1,000 financial conferences, seminars, and webinars, Tim has provided consulting and training for hundreds of community financial institutions in nearly every state and four countries. Tim advises boards and senior management teams on strategy, profitability, and governance and works with staff on leadership and lending. Tim’s book “Eisenhower on Enlightened Leadership” has been used by many boards and management teams to improve internal leadership. In addition, he is a faculty member of three financial institution schools and is the author of the popular lending software “Lenders Tax Analyzer.”