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 & Cash Flow: Focus on Business Owners and/or Self-Employed with Pass-Through Income from Schedule K-1s Online Seminar

October 27, 2020
1:00 - 2:30 p.m.

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

Related GSB Online programs:

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

Instructions

Online Seminar (10/27/20 1:30 - 2:30 p.m.)


Online Registration

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

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