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Personal Tax Returns and Cash Flow – Focus on Pass-Through Entities and Schedule K-1s-Fa24

$330.00

Additional information

Date

10/1/2024

Recording Available Until

1/1/2025

Presenter

Richard Hamm

Company

Advantage Consulting & Training

Target Audience

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

Program Time

1:00 pm-2:30 pm CT

Duration

90 minutes

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 offi