Webinar: Qualifying Borrowers Using Personal Tax Returns Part 1

Start: 3:00 pm
End: 4:30 pm
Event Days: 01/23/2013 - 01/23/2013

Basics, Itemized Deductions, Interest & Dividend Income, Sole Proprietorships & Capital Gains

This webinar will teach you how to read and understand a borrower's tax return and convert taxable income into cash flow. We'll start with the basic incomes and then move to interest and dividend income, sole proprietor income, gains or losses on sales and installment sale income. With practical examples, this webinar will make the process of analyzing personal income tax returns simple and understandable. Participants will also receive a take-away toolkit from Lenders Tax Analyzer©.

About This Session:

This webinar will cover the following topics:

  • Segregating real cash flow from phony taxable income
  • Interest and dividends
  • Sole proprietorships - recognizing hidden income and expense
  • Capital gains - income that may (or may not) be received in future years
  • Forms 6252 and 4797 - picking up hidden income from installment sales

DON'T MISS PART 2! Qualifying Borrowers Using Personal Tax Returns, Part 2: Income from Rentals, Royalties, Partnerships, S Corps & Farms will be held February 20.

Who Should Participate:

All lending staff, from MSRs to CEOs.

About the Presenter:

Tim Harrington, CPA, TEAM Resources

Tim Harrington is a Certified Public Accountant and president of TEAM Resources, a firm that provides consulting, strategic planning and training across the country. Since 1992, he has also taught lending personnel how to obtain monthly income from tax returns.  As a faculty member of two CUNA schools on finance and tax, Harrington has consulted with, and provided training for, hundreds of financial institutions. In addition, he is the author of popular lending software Lenders Tax Analyzer.