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Webinar Replay
Unraveling the Mysteries of K-1s and Pass-Throughs
The Secret to Understanding U.S. Personal Tax Returns.

Audience
Retail lenders, private bankers, wealth management and business bankers

Abstract
If your customers have ownership interests in businesses or receive benefits from trusts or estates, it is likely that some of the income and expenses captured in their personal tax returns is not actually cash.

Each partnership, S corporation, estate, and trust must provide the owners or beneficiaries with a Form K-1 showing the owner’s or beneficiary’s share of all taxable items.  Those taxable items appear throughout the tax return—some of them in places that a lender would generally assume are cash income, such as interest income and dividends.

How do you know what is truly cash and what is not?  Those K-1s are the key to an accurate cash flow analysis.

During this 60-minute, complimentary webinar, Jan Abrams, Omega Performance’s Vice President and Product Manager for Consumer Credit and Sales Solutions, will reveal the secrets of those mysterious K-1s.  Jan will tell you how to find the true cash items from among the pretenders.  After all, only cash can repay loans!

Objectives

This Web conference will cover:

  1. Why personal tax returns are important to your evaluation of repayment capacity
  2. The advantages and limitations of tax return information
  3. Why Adjusted Gross Income is the wrong place to begin an evaluation of a tax return
  4. An overview of tax forms and schedules and how they interact with each other
  5. How to use K-1s from S corporations, partnerships, estates, and trust to find actual cash income and outflows from those entities to the owner/beneficiary
  6. How to use K-1s to locate non-cash pass-through items that may be embedded in figures throughout the tax return, some of which you might otherwise assume are cash items
  7. How to eliminate the effect of pass-throughs, and calculate actual cash flow from interest, dividends, sale of marketable securities, partnerships and S corporations

Benefits to Your Organization