Event Calendar

Thursday, September 17, 2020

Qualifying Borrowers Using Personal Tax Returns Part 2: Schedules D, E & F

Start Date: 3/17/2020 1:00 PM MDT
End Date: 9/17/2020 2:30 PM MDT

Organization Name: Independent Bankers of Colorado

Tara F. Hunter
Phone: (303) 832-2000

Qualifying Borrowers Using Personal Tax Returns Part 2: Schedules D, E & F
1:00 pm – 2:30 pm MT

Learn the rest of the story with this tax return sequel.  It will illuminate how to interpret Schedules D, E, and F for self-employed borrowers.  This program will equip you to decipher personal tax returns and identify reliable, recurring cash flow.

  • Recognize recurring income and learn what to ignore
  • Determine which capital gains, installment sales, and other sales items are recurring, and which are one-time flukes to disregard (Schedule D)
  • Find the real cash flow from rental and royalty properties (Schedule E, Page 1)
  • Distinguish useless “pass through” incomes from partnerships or S corps from real cash flow (Schedule E, Page 2)
  • Uncover hidden income in farm tax returns (Schedule F)
What’s your decision-making process for qualifying a self-employed borrower for a loan?  Do you understand how to convert tax income (which is practically useless) into cash flow?  The key is learning how to obtain a reliable monthly or annual cash flow from a personal tax return.  Incorrectly estimating cash flow from a tax return can result in bad loan decisions – or missed opportunities.  Once you’ve properly converted taxable income into cash flow, that information can be used in your credit scoring model, debt-to-income ratio, or disposable income calculation.
Designed for consumer and commercial lenders, this two-part series will teach you an easy, reliable method to convert a borrower’s personal tax return (Form 1040) into annual and monthly cash flow statements using the free software included with this course.  Part 2 will cover Schedule D (Capital Gains, Installment Sales, and other sales), Schedule E, Page 2 (Rental and Royalty income), Schedule E, Page 2 (Partnership and S Corporation income), and Schedule F (Farm income).  (Note:  This method does not follow Fannie, Freddie, or QM rules used in mortgage lending.)
This informative session is designed for lending personnel, including chief lending officers, service representatives, new accounts personnel, loan officers, loan underwriters, loan sales staff, credit analysts, loan processors, branch managers, CEOs, and other key lending staff.
  • Free copy of Lenders Tax Analyzer© software
  • Employee training log
  • Interactive quiz
Tim Harrington, CPA
TEAM Resources

Tim Harrington is President of TEAM Resources and has been a financial institution consultant for over 27 years.  Tim has advised lenders on verifying income from tax returns since 1992, and consults with financial institutions nationwide on issues of strategy, profitability, and board governance.  He speaks at nationwide conferences and has presented in Canada, Mexico, Puerto Rico, Jamaica, and the Virgin Islands.  Tim is the author of the popular software, Lenders Tax Analyzer.  In addition, his book “Eisenhower on Enlightened Leadership” has been used by management teams nationwide to improve leadership skills. He did his undergraduate studies at Gonzaga University and graduate studies at the University of Washington.

1. Live Webinar Includes
  • One connection to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up
 2. Recorded Webinar Includes
  • Available 6 business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up
 3. Purchase the BOTH Option to receive all the benefits listed above!

Online Registration

Registration is Closed
Closed: 9/17/2020 1:00 PM

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