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What Are Those Partnership & S-Corp Tax Returns Telling Me?

This webinar will help take the mystery out of Partnership and S-Corp tax returns and you’ll learn how to quickly and reliably identify a business’s real monthly cash flow.

Jul 25, 2019 02:00 PM   -­­  Jul 25, 2019 03:30 PM
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Type of Event
Webinar

Who Should Attend
  • Webinars
  • Lenders

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Description

Does it seem like a secret decoder ring is needed to convert business tax returns to cash flow? The confusion arises because tax returns were created to report taxable income, not cash flow – which is what is needed to qualify a borrower. Even more complexities arise when a tax return is for a Partnership or S-Corp because both are “pass-through” entities. The business does not pay taxes directly; instead, taxable income is passed through to the owners’ individual tax returns. A lender’s job is to disentangle the passed-through incomes, reassemble them for the business, then determine what net income can be used as qualifying income.

Overestimating the income from a tax return can lead you to approve a weak loan that could result in hundreds of thousands of dollars in losses. Underestimating income can lead you to deny good loans that you need to grant. This webinar will help take the mystery out of Partnership and S-Corp tax returns and you’ll learn how to quickly and reliably identify a business’s real monthly cash flow.

Learning Objectives

  • What a ‘pass through’ entity is and how it affects tax reporting and cash flow
  • Identify income that was ‘passed through’ to an individual tax return, but earned by the business
  • The value of the Schedule K-1 in analyzing cash flow
  • Convert an accrual basis tax return to cash basis
  • Calculating global cash flow from tax returns

Speaker

Tim Harrington, CPA, TEAM Resources

Investment

$259.00

Live and recorded webinar, handouts, quiz with answer key and training log are included.