Determining Cash Flow from Personal Tax Returns After 2018 Tax Reform Part 1: Schedules A, B & C

Date: 
Jan 24, 2019
Program Overview: 

PDF Brochure   Thursday, January 24, 2019       3:00 - 4:30 pm

With the new 2018 Tax Cuts and Jobs Act, determining cash flow from personal income tax returns is as challenging as ever.  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 1 will cover the front page of Form 1040, Schedule A (Itemized Deductions), Schedule B (Interest and Dividend Incomes) and Schedule C (Sole Proprietorship Incomes).  (Note:  This method does not follow Fannie, Freddie, or QM rules used in mortgage lending.)

 

Topics: 
  • Recurring versus nonrecurring income
  • Schedule A:  Employee business expenses that may need to be deducted from cash flow
  • Schedule B:  Determining cash flow from interest and dividends
  • Schedule B:  Correcting unreliable pass-through interest and dividend    incomes earned from partnerships and S corporations (Schedule E                   partnership and S corporation income will be addressed in Part 2)
  • Schedule C:  Hidden incomes and a hidden expense in a sole proprietorship 

Take-Away Toolkit

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

 

Speaker: 

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.

 

Agenda: 

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.

 

 

 

 

 

Fees: 

MEMBER

Live Webinar
    $255.00 Single Location
    $150.00 Each Additional Location

Recorded Webinar & Free Digital Download
    $255.00

Premiere Package (Live & Recorded Webinar with Free Digital Download)
    $375.00

NON-MEMBER

Live Webinar
    $510.00
    $300.00 Each Additional Location

Recorded Webinar & Free Digital Download 
    $510.00

Premiere Package (Live & Recorded Webinar with Free Digital Download)
    $750.00

Additional Information: 

DON’T MISS PART 2! 

This program is the second of two in a series

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

on Monday, February 25, 2019

 

Association Contact: 

If you have any questions or need additional information, please contact Marcy Borden at 317-387-9380 or mborden@indianabankers.org

Cancellation Policy: 

Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. If your bank is unable to participate after registering, you can select to purchase the on-demand presentation.

Webinar Options: 

1.  Live Webinar
The LIVE WEBINAR option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone. Registrants receive a toll-free number & pass code that will allow entrance to the seminar. Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast.  You will need the most current version of Adobe Reader available free at www.adobe.com.

2.  Recorded Webinar & Free Digital Download
Can’t attend the live webinar?  The recorded webinar & Free Digital web link is a recording of the live event, including audio, visuals, & handouts. We even provide the presenter’s email address so you may ask follow-up questions.  Approximately one week prior to the webinar, you will receive an email with the web link.  This web link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.  

LIMITED AVAILABILITY:  The Recorded Webinar & Free Digital Download web link may ONLY be ordered for 6 months following the webinar.

3.  Both Live Webinar & Recorded Webinar & Free Digital Download
Includes options 1 and 2 above

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