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Wednesday
March 31, 2010
12:00 pm - 1:30 pm Pacific
1:00 pm - 2:30 pm Mountain
2:00 pm - 3:30 pm Central
3:00 pm - 4:30 pm Eastern
Meet the Presenter
Tim Harrington, CPA
TEAM Resources
CLICK HERE TO LEARN MORE ABOUT YOUR REGISTRATION OPTIONS
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With the current economy, understanding the true cash flow of borrowers is important. This webinar will help take the mystery out of borrowers’ personal income tax returns. No more guessing how much income your borrower is really earning. Learn how to identify actual cash flow quickly and reliably.
Usually cash flow and taxable income are different. Overestimating the income from a tax return can lead you to approve a weak loan that could eventually cost you tens of thousands of dollars. Conversely, underestimating income on a tax return can lead you to deny good loans that your credit union and your member needs in this tough economy. This program will include many examples and will make the process of analyzing tax returns remarkably simple.
HIGHLIGHTS
- Schedule E Page 1
- What is the real cash flow effect from a rental property?
- Recognizing the effect of interest expense and principal paid on debt ratios and cash flow
- Schedule E Page 2
- Partnerships – Learning that the information on the tax return is usually useless for a loan officer
- Identifying ways to find the borrower’s real cash flow from an S Corp
- Schedule F, Farm income
- Picking up additional income that might be hidden in farm income
DON’T MISS SCHEDULES B, C & D
This program is the second of two in a series. Watch for
“Reading & Understanding Personal Tax Returns:
Schedules B, C & D”
on Wednesday, February 17, 2010.
If you missed it, you can order a CD recording of the live webinar,
complete with handouts.
WHO SHOULD ATTEND?
This session is a cost-effective way to teach lending personnel how to analyze borrowers’ tax returns to determine a reliable monthly income amount. You may train as many individuals as you like for one set price. There will be no travel costs, no time lost from work, and no one will be required to leave the institution.
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