Tax returns and Personal Financial Statements

This basic course presents several aspects of analyzing personal financial statements and tax returns, including estimating cash flow from the personal financial statement and the tax return to determine if personal and business cash flows are sufficient to repay a loan

Covered Topics

  • Review the 2017 and 2018 1040 tax returns and appropriate schedules to evaluate the borrowers personal cash flow
  • Evaluate the personal financial statement to determine if the borrower has sufficient assets to personally guarantee a loan
  • Strengthen the underlying asset value of your portfolio through an understanding of adjusted net worth
  • Illustrate the changes brought about by the new tax code
  • Know which sections of the tax return can be ignored
  • Develop strategies for predicting future cash flow
  • Understand the basics of corporate structure
  • Estimate and analyze cash flow from business tax returns including C Corporations,
    S Corporations, Partnerships, Limited Liability Corporations and Limited Liability Partnerships
  • Evaluate K-1 information to determine cash distributions
  • Understand how taxes influence cash flow
  • Examine how taxes influence the customer's operations
  • Identify the most relevant sections of business tax returns that affect cash flow

Who Should Attend?

Commercial lenders, credit analysts, small business lenders, middle market lenders, private bankers; loan review specialists, special assets officers, lending managers and credit officers will benefit from attending this webinar.