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Upcoming League Events


Webinar: Qualifying Borrowers Using Personal Tax Returns Part 2: Income from Rentals, Royalties, Partnerships, S Corps & Farms


Wednesday, February 20, 2013


Speaker:  Tim Harrington, CPA, TEAM Resources


About the Program

Lenders often use tax returns to identify qualifying income for borrowers. But taxable income and cash flow are usually different. Borrowers pay you back with cash flow, not taxable income. Understanding the cash flow of borrowers is as important as it has ever been. This webinar takes the mystery out of borrowers’ personal income tax returns. No more guessing how much cash flow your borrower is really earning. You will learn how to obtain verifiable income from rental and royalty property (Schedule E Page 1), from partnerships and S corporations (Schedule E Page 2), and from farms (Schedule F).


Overestimating income from a tax return can lead to approval of a weak loan that could eventually cost you tens of thousands of dollars. Underestimating income can lead you to deny good loans you need to grant in this tough economy. This seminar will make the process of analyzing personal income tax returns simple and understandable by using quality instruction and frequent examples.



  • Form 1040 Page 1 – Find hidden income on the front page of the return and remove taxable income that has no cash flow benefit
  • Schedule E Page 1 – Calculate the real cash flow from a rental property
  • 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 & S Corporations – Learn what information is usually useless for a lender and identify where to find the real cash flow
  • Schedule F, Farm Income – Uncover additional income that might be hidden in farm income


Related Files
Printable Brochure (Adobe PDF File)

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