Webinar

GSB Personal Tax Returns and Cash Flow: Focus on Business Owners and/or Self-Employed with Pass-Through Income from Schedule K-1s

$275 Tuesday, March 10, 2020 1:00 PM Register

Bankers underwrite loans primarily from tax returns, particularly at the community bank level. What reported income on a personal tax return actually is cash flow? What items on a Schedule K-1 involve cash inflows and outflows to our customer? Using case examples and worksheets, this seminar covers how to analyze personal tax returns to develop cash flow within a simple, logical and consistent framework. It provides the tools needed to reduce voluminous amounts of forms and schedules into a concise, relevant picture of cash flow, focusing on personal situations where pass-through entity items are reported in the tax return.

Presented by: Richard Hamm 

Specific subjects that will be covered during the seminar:

  • Overview of business entity choice issues, and why pass-through entities are popular with private businesses
  • Connecting a business tax return with the Schedule K-1 provided to the owner(s)
  • The “Schedule E dilemma” and approaches for using income or cash flow from entities where the owner has either a majority or minority ownership interest
  • Case example and worksheet for situations with pass-through income (expense)
  • Pros and cons, from a taxation standpoint, of ways self-employed and small business owners can extract cash and/or recognize income from their businesses
  • Why small businesses often show a year-to-date profit through November, that it all disappears by year-end

Target Audience: Branch managers, consumer lenders, mortgage bankers, private bankers, small business lenders, commercial lenders, credit analysts, loan review specialists, special assets officers, lending managers and credit officers

Related GSB Online programs/topics:

  • Personal Tax Returns and Cash Flow: Focus on the Individual, Sole Proprietorships, Rental Property and Farms
  • Personal Tax Returns and Cash Flow: The Role of Global Cash Flow as an Underwriting Tool
  • Advanced Personal and Global Cash Flow Issues: Capital Gains (Losses), Recurring and Non-Recurring Items, Loss Carryforwards and Others

 


$275 Tuesday, March 10, 2020 1:00 PM Register