Monday
Feb 25
2019

Determining Cash Flow from Personal Tax Returns After 2018 Tax Reform Part 2: Schedules D, E & F

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This is the biggest change in some tax forms in 20 years!

With the 2018 Tax Cuts and Jobs Act there are important tax law changes and some of the IRS tax forms are hardly recognizable. Even experienced lenders and credit analysts will feel like they’re starting over. The good news is that the basic concepts are the same. Tax returns show taxable income. But borrowers don’t repay debt with taxable income; they use cash flow. The trick 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 a cash flow statement using the free software included with this course. Part 2 will cover Schedule D (Capital Gains and Losses), Schedule E Page 1 (Rental Real Estate and Royalties), Schedule E Page 2 (Income or Loss From Partnerships and S Corporations), and Schedule F (Profit or Loss From Farming). (Note: This method does not follow Fannie, Freddie, or QM rules used in mortgage lending.)

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • Schedule D:  Are these sales/gains recurring, qualifying incomes or one-time gains?
  • Schedule E Page 1:  More than adding back depreciation, find the real cash flow from rentals and royalties
  • Schedule E Page 2:  Most information ‘passed through’ from partnerships or S corps doesn’t represent cash flow – learn to distinguish phantom income from real cash flow
  • Schedule F:  How to identify hidden income in farm tax returns

  • TAKE-AWAY TOOLKIT
    • Free copy of Lenders Tax Analyzer© software
    • Employee training log
    • Quiz to measure staff learning and a separate answer key

DON’T MISS PART 1!

This program is the second of two in a series

"Determining Cash Flow from Personal Tax Returns After 2018 Tax Reform Part 1:
Newly Revised Form 1040 & Schedules B & C"

Thursday, January 24, 2019
All webinars are available for six months after broadcast

WHO SHOULD ATTEND?

This informative session is designed for anyone in the lending area including chief lending officers, service representatives, loan sales staff, new accounts personnel, loan officers, loan underwriters, credit analysts, loan processors, branch managers, CEOs, and other key lending staff.

 

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