Beyond Schedule C

Mon Jan 27, 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. 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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Date 01-27-2020

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