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Webinar Calendar

Our League webinars offer training on topics for all aspects of credit union operations. You'll have the choice to participate in the live webinar only, purchase the recorded webinar or both. Included with all League webinars are the training log, quiz and answer key. 

Download a printable list of upcoming 2019 webinars >>

From time-to-time our webinar calendar will also show webinars from system partners. This is done as a courtesy to further your learning options and you should contact the system partner for details on those webinars.


Determining Cash Flow from Personal Tax Returns After 2018 Tax Reform Part 1: Newly Revised Form 1040 & Schedules B & C

Designed for consumer and commercial lenders, this two-part series will teach you an easy, reliable method to convert a borrower’s personal tax return (Form 1040) into a cash flow statement using the free software included with this course. Part 1 will cover the front page of Form 1040, Schedule A (Itemized Deductions), Schedule B (Interest and Dividend Incomes) and Schedule C (Sole Proprietorship Incomes). (Note: This method does not follow Fannie, Freddie, or QM rules used in mortgage lending.)

Jan 23, 2019 08:00 AM   -­­  Jan 23, 2019 09:30 AM
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Type of Event
Webinar

Who Should Attend
  • Webinars
  • Lenders
  • Finance

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Description

With the 2018 Tax Cuts and Jobs Act there are important tax law changes and some of the IRS tax forms are hardly recognizable. Even experienced lenders and credit analysts will feel like they’re starting over. The good news is that the basic concepts are the same. Tax returns show taxable income. But borrowers don’t repay debt with taxable income; they use cash flow. The trick is learning how to obtain a reliable monthly or annual cash flow from a personal tax return. Incorrectly estimating cash flow from a tax return can result in bad loan decisions – or missed opportunities. Once you’ve properly converted taxable income into cash flow, that information can be used in your credit scoring model, debt-to-income ratio, or disposable income calculation.

Designed for consumer and commercial lenders, this two-part series will teach you an easy, reliable method to convert a borrower’s personal tax return (Form 1040) into a cash flow statement using the free software included with this course. Part 1 will cover Form 1040, Schedule B (Interest and Dividend Incomes) and Schedule C (Sole Proprietorship Incomes). (Note: This method does not follow Fannie, Freddie, or QM rules used in mortgage lending.)

Learning Objectives

  • Making sense of the new six-page Form 1040 
  • Recurring versus nonrecurring income 
  • Schedule B: Determining cash flow from interest and dividends 
  • Schedule B: Correcting phantom pass-through interest and dividend incomes earned from partnerships and S corporations (Schedule E partnership and S corporation income will be addressed in Part 2) 
  • Schedule C: Hidden incomes and a hidden expense in a sole proprietorship  

Speaker

Tim Harrington, CPA, TEAM Resources

Investment

$259.00

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