This comprehensive webinar takes you on a step-by-step review of the Partnership and S Corporation tax returns. Defining common terms and theories, such as nonrecurring vs. recurring income or expenses, distributions and guaranteed payments, will help you develop a clearer picture of your self-employed borrower’s income and financial standing.
This webinar will provide:
An in-depth look at the Partnership (Form 1065), S Corporation (Form 1120S) and Schedule K-1 forms
Insight into liquidity analysis
Ways to increase efficiency in processing and underwriting self-employed borrower loan applications
A review of documentation requirements, acceptable income and underwriting criteria