Iowa Bankers Insurance & Services, Inc. Iowa Bankers Mortgage Corporation
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
Fax: 515-280-4140

Event Detail

Event Description

Personal tax Returns and Cash Flow: focus on Business Owners and/or Self-Empolyed with Pass-Through Income from Scheule K-1s Online Seminar

August 11, 2020
10:30 a.m. - Noon


Price: $275

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.

 

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

Instructions

Online Seminar (08/11/20 10:30 a.m. - 12:00 p.m.)


Online Registration

promo 3

Iowa Bankers Mortgage Corp. (IBMC) offers the products & experience Iowa banks need in the secondary mortgage market.

learn more
promo 2

Iowa Bankers Insurance & Services (IBIS) offers Iowa banks a full line of insurance products.

learn more