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