Events Calendar

Webinar: Converting a 1040 Personal Return to Cash Flow Part 1: Schedules B & C
Thursday, February 03, 2022, 03:00pm - 04:30pm

Borrowers don’t repay debt with taxable income; they use cash flow. Can you accurately interpret personal tax returns and identify reliable, recurring income?

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Understand recurring versus non-recurring incomes or losses from Page 1 of Form 1040
  • Identify recurring and non-recurring income from Schedule B: Interest and Dividends
  • Differentiate “pass-through” interest and dividend incomes from real cash flow earned from
    Partnerships or S Corporations
  • Recognize four forms of hidden income and one hidden expense in Schedule C: Sole Proprietorships

WEBINAR DETAILS

In today’s tough lending environment, understanding a borrower’s true cash flow is as important as ever. This webinar will take the mystery out of personal tax returns. No more guessing how much cash income a borrower is really earning. Cash flow and taxable income are usually different, but with this process and the free Lenders Tax Analyzer© software, you will learn an easy, reliable method to convert a personal tax return (Form 1040) into a cash flow statement.

Designed for consumer and commercial lenders, Part 1 of this two-part series will teach you how 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 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 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, loan officers, loan underwriters, loan sales staff, credit analysts, loan processors, branch managers, CEOs, and other key lending staff. Service representatives, new accounts personnel, and frontline staff involved in the lending function will also benefit.

TAKE-AWAY TOOLKIT

  • Free copy of Lenders Tax Analyzer© software
  • PDF copy of the slides
  • 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.”