Lending Series: Understanding Borrowers' Tax Returns, Part 2: Income from Rentals Royalties, Partnerships, S Corps & Farms

Presenter: Time Harrington, CPA, TEAM Resources
Date: Tuesday, March 13, 2012
Time: 2:00 - 3:30 pm Central

Don't Miss Part 1! This program is the second of two in a series. There's still time to register for Part 1 before Thursday, February 16, 2012. Or if you missed it, you can order an archived recording of the live webinar, complete with handout materials.

Focus:
Calculating cash flow from personal tax returns can be a frustrating and imprecise process.  This webinar will teach you to determine how much cash income your borrower is really earning from capital gains and installment sales, rental properties, royalties, partnerships, and S corporations.  S corporations are among the most difficult tax and cash flow issues because cash flow and taxable income are usually substantially different.  Join us to learn how to identify real monthly cash flow quickly and reliably. 

What You Will Learn

  • Schedule E Page 1 – Calculate the real cash flow from rental properties
  • Schedule E Page 1 – Understand the effect of mortgage interest and principal paid on debt ratios, cash flow, debt service, and disposable income
  • Schedule E Page 2 Partnerships – Learn which phantom incomes or losses to ignore to find the real cash flow
  • Schedule E Page 2 S Corporations – Even tougher than Partnerships, S Corps present even more “cash” versus “tax” issues.  Find the real cash flow and learn what phony income or losses to ignore
  • Schedule F, Farm Income – Uncover additional income that might be hidden in farm income

Who Should Sign Up?
This informative session is designed for anyone in the lending area including chief lending officers, FSRs, MSRs, new accounts personnel, loan officers, loan underwriters, credit analysts, loan processors, branch managers, CEOs, and other key lending staff.

About the Presenter:
Tim Harrington is a Certified Public Accountant.  Since 1992, he has taught lending personnel how to obtain monthly income from tax returns.  Since 1996, Tim has been President of TEAM Resources, a firm which provides consulting, strategic planning, and training from coast-to-coast.

As a faculty member of two CUNA schools on finance and tax, Tim has consulted with, and provided training for, hundreds of financial institutions.  In addition, he is the author of the popular lending software “Lenders Tax Analyzer.”

In This Section