Events Calendar

Webinar: Determining Cash Flow from Personal Tax Returns Part 1: Form 1040, Schedules B & C
Wednesday, February 17, 2021, 03:00pm - 04:30pm

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.

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

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.”