Event Calendar

Thursday, February 18, 2021

Webinar - Determining Cash Flow from Personal Tax Returns Part 1: Form 1040, Schedules B & C

Start Date: 2/18/2021 1:00 PM MST
End Date: 2/18/2021 2:30 PM MST

United States 

What does a lender need from a personal tax return? Simple. They need to determine if there is a 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 to 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.
Attendance certificate provided to self-report CE credits.