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
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
Here is how you end up with Interest from a Schedule K-1 on 1040 Schedule B:Schedule B includes all taxable income.Interest income received by an S Corporation or a 1065-filing entity like an LLC or
One of the LinkedIn Groups I belong to is having a raging debate about whether that first C of Credit, 'Character', can be considered any more. Or should be considered again! (BTW: Connect with me
Many business lenders use global analysis to consolidate cashflow among related entities. For example, if a small business has one 80% owner and another 20% owner, it is likely you'll consider the cashflow of the
Let's assume your question is on a K-1.There is a K-1 for a 1065 (Partnerhsips and some LLCs), a 1120S (S Corporations), as well as trusts and estates.Use the site-wide searchThe quickest way to find
I get questions all the time from bank and credit union lenders on lending to businesses and to business owners. Here is one from last week: Can I use the self-employed income on the 1065
Often lenders add back depreciation everywhere they find it...front page, 4562, Schedule K of an 1120S or 1065 (Section 179), M-1 of an 1120, 1120S or 1065 (both the left and the right side of
The KISS principal at work for Tax Return Analysis: Green Legos, Six Ns and a Map Keep it Smart and Simple This is my 'Slide Share' show for anyone wanting a quick intro or review
Last week I had the pleasure of spending two quality days with Greenstone Farm Credit Services in Michigan and Badgerland Farm Credit Services in Wisconsin. By the end of our two-day tax return analysis training,
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