IBMC is pleased to partner with Hali Plachecki, Regional Customer Trainer at Mortgage Guaranty Insurance Corporation (MGIC) to teach you the fundamentals of utilizing tax returns to document your borrower’s income.
Join us as Hali walks us through a self-employed borrower’s tax return step-by-step focusing on the following topics:
- Rules for interpreting tax returns. (Interpreting Page 1 of 1040).
- Terminology – non-cash expenses: (Depreciation, depletion, amortization, casualty loss, business use of home, net operating loss carryover.
- Tax Return Schedules (Schedules C, E and F).
- Business Returns (Partnership, S-Corp including K-1s).
- Understanding Liquidity.
Who Should Attend: Loan Officers, Processors and Underwriters