BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 13.3//EN BEGIN:VTIMEZONE TZID:Central Standard Time BEGIN:STANDARD DTSTART:20231102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Central Standard Time TZOFFSETFROM:-0500 TZOFFSETTO:-0600 END:STANDARD BEGIN:DAYLIGHT DTSTART:20230301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Central Daylight Time TZOFFSETFROM:-0600 TZOFFSETTO:-0500 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION:Using personal tax returns to determine a borrower&rsquo\;s act ual cash flow\navailable to service debt is as challenging as ever. Join u s to learn the latest\ntechniques to help you sort out all that tax data a nd find exactly the\ninformation you need.\n\nLearning Objectives\n\n U nderstand the concept of recurring income\n Find employee business expe nses that might not count toward cash flow\n Identify actual cash flows from Schedule B: Interest and Dividends\n Correctly account for pass-t hrough interest and dividend income earned from\n Partnerships and S Co rporations contained on Schedule B\n Identify hidden income and expense in a Sole Proprietorship\n \n\nWhat does a lender need from a personal tax return? Simple. They need to determine if\nthere is reliable\, recurr ing cash flow available to make debt payments. Unfortunately\, tax\nreturn s were never designed to show cash flow. They show taxable income.\n\nWith the information from this session\, along with the free Lenders Tax Analy zer©\;\nsoftware included with your registration\, you will learn an e asy\, reliable method to convert\na borrower&rsquo\;s personal tax return (Form 1040) to an accurate cash flow statement.\n\nIn Part 1 of this 2-par t program\, we will dissect the front page of Form 1040\, Schedule B\n(int erest and dividend incomes)\, and Schedule C (sole proprietorship incomes) . When you\nfinish this session\, you will be able do a little &lsquo\;mag ic&rsquo\; and convert taxable income into\nactual cash flow that you can plug into your credit scoring model\, your debt-to-income\nratio\, or your disposable income calculation.\n\nNote: This session is designed for cons umer and commercial lenders. This method does\nnot follow Fannie\, Freddie \, or QM rules used in mortgage lending. DTEND:20210217T213000Z DTSTAMP:20240329T092134Z DTSTART:20210217T200000Z LOCATION: SEQUENCE:0 SUMMARY:Determining Cash Flow from Personal Tax Returns Part 1: Form 1040\, Schedules B & C UID:RFCALITEM638472828947943187 X-ALT-DESC;FMTTYPE=text/html:
Using personal tax returns to determine a b orrower&rsquo\;s actual cash flow\navailable to service debt is as challen ging as ever. Join us to learn the latest\ntechniques to help you sort out all that tax data and find exactly the\ninformation you need.\n
\nL earning Objectives
\nWhat does a lender need f rom a personal tax return? Simple. They need to determine if\nthere is rel iable\, recurring cash flow available to make debt payments. Unfortunately \, tax\nreturns were never designed to show cash flow. They show taxable i ncome.\n
\nWith the information from this session\, along with the f ree Lenders Tax Analyzer©\;\nsoftware included with your registration\ , you will learn an easy\, reliable method to convert\na borrower&rsquo\;s personal tax return (Form 1040) to an accurate cash flow statement.\n
\nIn Part 1 of this 2-part program\, we will dissect the front page of Form 1040\, Schedule B\n(interest and dividend incomes)\, and Schedule C ( sole proprietorship incomes). When you\nfinish this session\, you will be able do a little &lsquo\;magic&rsquo\; and convert taxable income into\nac tual cash flow that you can plug into your credit scoring model\, your deb t-to-income\nratio\, or your disposable income calculation.\n
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