Lenders and underwriters in my training workshops on Cashflow Analysis of Tax Returns often stumble a bit on that word 'guaranteed'. After all, we all know what that means, right? Well, it is dangerous to
One of the ways the Allowance for Loan and Lease Losses (ALLL) is impacted occurs when a financial institution grants a concession through modification of the terms of a loan due to the financial difficulty
Many lenders and their financial institutions don't want to count on income from capital gains as a recurring source to service debt. I get that and don't necessarily disagree. Although see the post on
An installment sale, where the taxpayer will receive payments over time from the sale of an asset, is treated differently in the tax return. The lender needs to spot it to find out: how
What about a track record To count capital gains activity for recurring cashflow many, if not most, financial institutions will want to see a track record. But not all. A lesson learned from lenders to
First decide if you will count it at allSee this post on 'Lending on Asset Conversion instead of Income'. Here is the form Click on the image to zoom. Beware non-cash entries Line 12 (2011
First decide if you will count it at allSee this post on 'Lending on Asset Conversion instead of Income'. Here is the form Click on the image to zoom. Beware non-cash entries Line 12 (2011
What is short-term and where do I find it? Schedule D, Part 1 is where you'll find short-term capital gain or loss. This is related to assets held one year or less. Here is the
Really? Can you do that? Check your Guidelines Well, first, consider that a lender/underwriter can do whatever the financial institution's (FI) guidelines allow assuming they are consistently applied in a legal manner. So if your
I live at sea level but only two hours from Mt. Rainier. We had a very late summer this year, some would say we missed it altogether in the Northwest. But Friday was a summer
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