Our Self-Employed Borrower workshop for those looking for a more condensed, advanced focus on business tax returns for the purposes of mortgage qualification.
In this session you will learn to:
Analyze tax returns from Schedule E Part II through the corporate tax return. This includes a review of the K-1s, 1065, 1120s, 1125, & 1120 forms
Utilize the FNMA 1084 Cash Flow Analysis Form to simplify your income calculation
Understand recurring and nonrecurring income and loss, as well as Ordinary Income vs. Distributions
Understand when a liquidity test is needed and how to calculate liquidity using the “Current Ratio” formula as well as provide other common liquidity ratio approaches