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Webinar: What Is that Personal Tax Return Telling Me? Part 1: Form 1040, Schedule B, C, & D

 

Thursday, January 30, 2014

2:00 - 3:30 pm CST

 

Speaker: Tim Harrington, TEAM Resources

 

About the Program

In lending, cash flow is King! Unfortunately a borrower’s tax return doesn’t show cash flow. It shows the IRS a taxpayer’s taxable income and allowable deductions. Those items are often quite different from cash flow. However, by decoding the tax forms, you can unscramble the tax incomes, find the positive cash flows, remove the phantom expenses, and replace them with real, negative cash flows.

 

This webinar will teach lenders how to replace tax incomes (which don’t pay you back) with cash flows (which do). It will begin by ensuring you understand the incomes reported on Page 1 of Form 1040, including income from interest, divorce, retirement, and other sources.

 

HIGHLIGHTS

  • Schedule B: Interest and Dividends – Identify recurring and non-recurring income from interest and dividends
  • Schedule B: Interest and Dividends – Finding and removing ‘phantom’ interest and dividend income that is ‘passed through’ from partnership or S Corp K-1s
  • Schedule C: Sole Proprietorship – Identify hidden income and duplicated and hidden expenses
  • Schedule D: Capital Gains and Losses – Differentiate between recurring and non-recurring income from gains on sales
  • Forms 6252 and 4797: How to identify hidden income from installment sales


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