Tax Returns and Personal Financial Statements

Learn the basics of evaluating tax returns and personal financial statements in this 90-minute webinar.

Recorded Friday,
March 22nd, 2024
Presented by Tom Carlin
1h 30m total length
1.5 CPE Credits
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Accounting/Reporting
  • Commercial/Business Lending
  • Lending
  • Branch Manager
  • Commercial Lender
  • Controller/Accountant
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • Private Banker
  • Senior Management
  • Small Business Lender

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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.

What You'll Learn

Upon completion of the course, participants will be able to:

  • Review the 1040 tax return and appropriate schedules to evaluate the borrower's 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 this webinar.

Field of Study:Taxes

Skill level:Basic


Advanced Preparation:None

Tom Carlin

Instructor Bio

An authority on financial and credit risk, Mr. Carlin is a Managing Partner at Eensight. He has worked with major banks, insurance companies and regulatory agencies over the last twenty years, designing and teaching financial topics including: basic, intermediate and advanced credit and financial statement analysis, business lending for branch bankers, accounting for bankers, basic intermediate and advanced cash flow analysis, loan structuring, consumer lending and trade finance. His audiences include business bankers, recent graduates going through the organizations basic credit training program, senior management personnel who need to know the basics of accounting and financial statement analysis, middle market lenders with many years of experience and regulatory agency personnel. Each program he designs and teaches is tailored to the individual customer with the products, procedures and culture of the organization incorporated into the course design. The complexity and intensity of the programs are adjusted to reflect the needs of the participants and the logistical training issues faced by the organization.

He is the author of Financial Statement Analysis published by the American Bankers Association in 1994. He is also the author of Consumer Lending, published by The Center for Financial Training in 2015.

He has designed and taught programs in risk analysis for Citibank, Wells Fargo, American International Group, Capital One, Chase Manhattan Bank, First Tennessee, M & T, Union Bank, and The Bank of China. He has also taught the Credit Risk Analysis Program at the Federal Reserve Bank.

Prior to Eensight, Mr. Carlin was a Regional Director for Omega Performance Corporation. He was also a Vice President with Bankers Trust in New York. He was responsible for marketing credit and trade finance products to corporate clients and correspondent banks worldwide.

Mr. Carlin has a Master of International Management degree from Thunderbird School of Global Management and a Bachelor of Arts degree from Villanova University.

Continuing Education Credit Information

Tax Returns and Personal Financial Statements has been approved for 1.5 CPE credits. Credits are redeemable for Live attendance only.

OnCourse Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Students can contact OnCourse Learning via email at support@oncourselearning.com to lodge complaints or issues.