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DESCRIPTION:Lenders often use tax returns to identify qualifying income for
  borrowers. But taxable income and cash flow are usually different. Borrow
 ers pay you back with cash flow\, not taxable income. Understanding the ca
 sh flow of borrowers is as important as it has ever been. This webinar tak
 es the mystery out of borrowers’ personal income tax returns. No more gues
 sing how much cash flow your borrower is really earning. You will learn ho
 w to obtain verifiable income from rental and royalty property (Schedule E
  Page 1)\, from partnerships and S corporations (Schedule E Page 2)\, and 
 from farms (Schedule F). Overestimating income from a tax return can lead 
 to approval of a weak loan that could eventually cost you tens of thousand
 s of dollars. Underestimating income can lead you to deny good loans you n
 eed to grant in this tough economy. This seminar will make the process of 
 analyzing personal income tax returns simple and understandable by using q
 uality instruction and frequent examples. HIGHLIGHTS Form 1040 Page 1 – Fi
 nd hidden income on the front page of the return and remove taxable income
  that has no cash flow benefit Schedule E Page 1 – Calculate the real cash
  flow from a rental property Schedule E Page 1 – Understand the effect of 
 mortgage interest and principal paid on debt ratios\, cash flow\, debt ser
 vice\, and disposable income Schedule E Page 2\, Partnerships &amp\; S Cor
 porations – Learn what information is usually useless for a lender and ide
 ntify where to find the real cash flow Schedule F\, Farm Income – Uncover 
 additional income that might be hidden in farm income TAKE-AWAY TOOLKIT Co
 mplimentary Lenders Tax Analyzer© which allows lenders to obtain a borrowe
 r's real cash flow from a Form 1040\, including income from rentals\, self
 -employment\, farms\, partnerships\, S Corporations\, investments\, etc. T
 hree tax years are all linked on one report. DON’T MISS PART 1! This progr
 am is the second of two in a series. There’s still time to register for: “
 Qualifying Borrowers Using Personal Tax Returns Part 1: Basics\, Itemized 
 Deductions\, Interest &amp\; Dividend Income\, Sole Proprietorships &amp\;
  Capital Gains” on Wednesday\, January 23\, 2013. Or if you missed it\, yo
 u can order an archive of the live webinar\, complete with handout materia
 ls. WHO SHOULD ATTEND? This informative session is designed for anyone in 
 the lending area including chief lending officers\, MSRs\, sales staff\, b
 rokerage staff\, new accounts personnel\, loan officers\, loan underwriter
 s\, credit analysts\, loan processors\, branch managers\, CEOs\, and other
  key lending staff. ABOUT THE PRESENTER – Tim Harrington\, CPA\, TEAM Reso
 urces Tim Harrington is a Certified Public Accountant who specializes in w
 orking with community financial institutions. Since 1996\, Tim has been Pr
 esident of TEAM Resources\, a firm which provides consulting\, strategic p
 lanning\, and training from coast-to-coast. A presenter at over 1\,000 fin
 ancial conferences\, seminars\, and webinars\, Tim has provided consulting
  and training for hundreds of community financial institutions in nearly e
 very state and four countries. Tim advises boards and senior management te
 ams on strategy\, profitability\, and governance and works with staff on l
 eadership and lending. In addition\, he is a faculty member of three finan
 cial institution schools and is the author of the popular lending software
  “Lenders Tax Analyzer” and has taught lending personnel how to obtain mon
 thly income from tax returns since 1992. PLEASE NOTE: Your registration fe
 e allows you to have one telephone connection. However\, as many people as
  you like may listen from your office speaker phone. If you register for t
 he webinar\, your registration fee also includes one internet connection f
 rom a single computer terminal. THREE REGISTRATION OPTIONS 1. LIVE WEBINAR
  The LIVE WEBINAR option allows you to have one telephone connection for t
 he audio portion and one Internet connection (from a single computer termi
 nal) to view online visuals as the presentation is delivered. You may have
  as many people as you like listen from your office speaker phone. Registr
 ants receive a toll-free number and pass code that will allow entrance to 
 the seminar. The session will be approximately 90 minutes\, including ques
 tion and answer sessions. Seminar materials\, including instructions\, pin
  number\, and handouts will be emailed to you prior to the broadcast. You 
 will need the most current version of Adobe Reader available free at www.a
 dobe.com. 2. ON-DEMAND WEB LINK** AND FREE CD ROM* Can't attend the live w
 ebinar? The ON-DEMAND WEB LINK** is a recording of the live event includin
 g audio\, visuals\, and handouts. We even provide the presenter's email ad
 dress so you may ask follow-up questions. Approximately 1 week prior to th
 e webinar\, you will receive an email with the web link. This web link can
  be viewed anytime 24/7\, beginning 6 business days AFTER the webinar and 
 will expire 6 months after the live program date. But there's more . . . A
 S AN ADDED BONUS\, you will also receive a FREE audio/visual CD ROM.* The 
 CD ROM includes the original audio/visual presentation\, the question and 
 answer sessions\, and the handouts. Use the on-demand link or this "off-th
 e-shelf" training program for those that could not attend the live seminar
  and for future training. 3. BOTH LIVE WEBINAR AND ON-DEMAND WEB LINK** (I
 NCLUDES FREE CD-ROM*) Includes options 1 and 2 above *CD Rom for PC use on
 ly **All materials are subject to copyright and intended for your credit u
 nion's use only. NEW! Listen on your iPad\, iPhone\, or Android. Instructi
 ons will be emailed to you with the on-demand link. INVESTMENT: $199.00 We
 binar per connection $199.00 Archived On-Demand Web Link &amp\; Free CD RO
 M $249.00 Both Live Webinar &amp\; Archived On-Demand Web Link &amp\; Free
  CD ROM TIME: 3:00 p.m. - 4:30 p.m. To register and pay by check\, email M
 ary Zelinsky at mzelinsky@njcul.org and your credit union will be invoiced
 . To register and pay online\, click here.
DTEND;TZID=Eastern Standard Time:20130220T163000
DTSTAMP:20130521T060605
DTSTART;TZID=Eastern Standard Time:20130220T150000
LOCATION:
SEQUENCE:0
SUMMARY:> Webinar: Qualifying Borrowers Using Personal Tax Returns Part 2
UID:7b57310a-d290-4abd-9b09-077ea31808fd
URL:http://www.njcul.org/-webinar-qualifying-borrowers-using-personal-tax-r
 eturns-part-2-2013-02-20.aspx
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