Event Calendar

Thursday, February 22, 2024

Webinar - Cracking the Personal Tax Return Code Part 1: Form 1040, Schedules B & C

Start Date: 2/22/2024 9:00 AM MST
End Date: 2/22/2024 10:30 AM MST

Location:
United States 

Tax returns don’t show cash flow; they show taxable income. What you need to know is cash flow because that is how your loan is paid back. With the process outlined in this session and the free Lenders Tax Analyzer© software each registrant receives, you will gain an easy, reliable method to convert a borrower’s personal tax return (Form 1040) into a borrower’s cash flow statement.
 
This is Part 1 of a two-part series.  In Part 1, you will learn 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 incomes into cash flows 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.)



 

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