Beyond Schedule C

Tue Jan 28, 2020
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


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