Qualifying Borrowers Using Personal Tax Returns: Income from Rentals, Royalties, Partnerships, S Corps, & Farms- Part 2
Date: February 20, 2013
Time: 2:00 PM- 3:30 PM CST
Lenders often use tax returns to identify qualifying income for borrowers. But taxable income and cash flow are usually different. Borrowers pay you back with cash flow, not taxable income. Understanding the cash flow of borrowers is as important as it has ever been. This webinar takes the mystery out of borrowers’ personal income tax returns. No more guessing how much cash flow your borrower is really earning. You will learn how to obtain verifiable income from rental and royalty property (Schedule E Page 1), from partnerships and S corporations (Schedule E Page 2), and from farms (Schedule F).
Overestimating income from a tax return can lead to approval of a weak loan that could eventually cost you tens of thousands of dollars. Underestimating income can lead you to deny good loans you need to grant in this tough economy. This seminar will make the process of analyzing personal income tax returns simple and understandable by using quality instruction and frequent examples.
> Form 1040 Page 1 – Find hidden income on the front page of the return and remove taxable income that has no cash flow benefit
> Schedule E Page 1 – Calculate the real cash flow from a rental property
> Schedule E Page 1 – Understand the effect of mortgage interest and principal paid on debt ratios, cash flow, debt service, and disposable income
> Schedule E Page 2, Partnerships & S Corporations – Learn what information is usually useless for a lender and identify where to find the real cash flow
> Schedule F, Farm Income – Uncover additional income that might be hidden in farm income
> TAKE-AWAY TOOLKIT
- Complimentary Lenders Tax Analyzer© which allows lenders to obtain a borrower's real cash flow from a Form 1040, including income from rentals, self-employment, farms, partnerships, S Corporations, investments, etc. Three tax years are all linked on one report.
DON’T MISS PART 1!
This program is the second of two in a series. There’s still time to register for:
“Qualifying Borrowers Using Personal Tax Returns Part 1: Basics, Itemized Deductions, Interest & Dividend Income, Sole Proprietorships & Capital Gains” on Wednesday, January 23, 2013. If you missed it, you can order an archive of the live webinar, complete with handout materials.
Live Webinar- $200
The LIVE WEBINAR option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone. Registrants receive a toll-free number and pass code that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast. You will need the most current version of Adobe Reader available free at www.adobe.com.
On Demand Web Link & CD- $200
Can’t attend the live webinar? The ON-DEMAND WEB LINK is a recording of the live event including audio, visuals, and handouts. We even provide the presenter’s email address so you may ask follow-up questions. Approximately 1 week prior to the webinar, you will receive an email with the web link. This web link can be viewed anytime 24/7, beginning 6 business days AFTER the webinar and will expire 6 months after the live program date. But there's more . . . AS AN ADDED BONUS, you will also receive a FREE audio/visual CD ROM.* The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts. Use the on-demand link or this “off-the-shelf” training program for those that could not attend the live seminar and for future training.
Live Webinar & On-Demand Web Link (INCLUDES FREE CD-ROM)- $250
Includes options 1 and 2 above
Special Registration Option for member credit unions under $20 million-$169
On-demand link only (does not include CD or live webinar)
Tim Harrington is a Certified Public Accountant who specializes in working with community financial institutions. 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. In addition, he is a faculty member of three financial institution schools and is the author of the popular lending software “Lenders Tax Analyzer” and has taught lending personnel how to obtain monthly income from tax returns since 1992.