Description
Become familiar with the tax return basics for commercial and consumer lending.For this topic, you will gain an understanding of the often complex and confusing information of taxes. Bank personnel are required to obtain and properly interpret tax returns for both commercial and consumer lending purposes. The first part of this material will concentrate on personal tax return analysis while the second part will focus on the analysis of various business tax returns.
Date: 2019-06-18 Start Time: End Time:
Learning Objectives
Review the Basic Structure of the Personal 1040 Federal Tax Return (Including the Various Schedules and K-1 Forms)
Use Analysis Techniques to Prepare a Personal Cash Flow From Information Gleaned From the 1040 and the Related Schedules
Discuss Recent Changes in the Tax Code Including the Tax Cuts and Jobs Act (TCJA) and How They Affect the Bank’s Clients
Describe How the 1040 Tax Return Can Be Used to Market the Bank’s Products and Services
Discuss the Structure of a C Corporation, S Corporation, and Partnership (Including LLC) Tax Return
Analyze Business Tax Returns and Prepare Cash Flows for These Entities
Draw Additional Information From the Business Returns Including Identifying Fraudulent Tax Returns
Discuss Updates in the Tax Code Including the TCJA as They Apply to Businesses
David L. Osburn, M.B.A., CCRA-Osburn & Associates, LLC
