Start Date: 3/3/2021 1:00 PM MST
End Date: 3/3/2021 2:30 PM MST
Determining cash flow from personal income tax returns is as important and challenging as ever. What does a lender need from a personal tax return? The cash flow that can repay your loan. 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 to an accurate cash flow statement.
Part 2 of this two-part program will cover some of the most difficult income to analyze.
- Are the sales of assets reported on Schedule D or Form 4797 recurring?
- Rental properties can be evaluated two ways, but one is often too conservative resulting in unnecessary denials.
- Partnerships and S corps show pass-through incomes that matter to the IRS, but nothing when determining cash flow.
- Farms often report income that was only partially taxable or income from a different tax year.
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.