Events Calendar

Date: Feb 16, 2012 • 12:00 PM - 01:30 PM

Location: Online

It’s a tough lending environment.  Understanding the true cash flow of borrowers is as important today as it has ever been.  This webinar will help take the mystery out of borrowers’ personal income tax returns.  No more guessing how much income your borrower is really earning.  Learn how to identify actual cash flow quickly and reliably.

Usually cash flow and taxable income are different.  You can’t afford to rely on any income that is not actually being received.  Nor can you afford to deny loans to borrowers who earn more than their tax returns show.  Overestimating the income from a tax return can lead you to approve a weak loan that could eventually cost you tens of thousands of dollars.  Underestimating income on a tax return can lead you to deny good loans that you need in this tough market.  This session will make the process of analyzing personal income tax returns simple and understandable.

HIGHLIGHTS

• Understanding recurring versus non-recurring when considering incomes or losses  
• Schedule B Interest & Dividends:  Identify recurring/non-recurring interest and dividend income
• Schedule B Interest and Dividends:  Root out pass-through interest and dividend income from Partnerships or S Corporations
• Schedule C Sole Proprietorship:  Learn to recognize 4 forms of hidden income and 1 hidden expense

DON’T MISS PART 2!

This program is the first of two in a series.  Watch for “Understanding Borrowers’ Tax Returns, Part 2: Income from Rentals, Royalties, Partnerships, S Corps & Farms” on Tuesday, March 13, 2012.

WHO SHOULD ATTEND?

This informative session is designed for anyone in the lending area including chief lending officers, member service representatives, new accounts personnel, loan officers, loan underwriters, credit analysts, loan processors, branch managers, CEOs, and other key lending staff.

PLEASE NOTE: Your registration fee allows you to have one telephone connection. However, as many people as you like may listen from your office speaker phone. If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.

ABOUT THE PRESENTER – Tim Harrington, CPA, TEAM Resources

Tim Harrington is a Certified Public Accountant. Since 1992, he has taught lending personnel how to obtain monthly income from tax returns. Since 1996, Tim has been President of TEAM Resources, a firm which provides consulting, strategic planning, and training from coast-to-coast.

As a faculty member of two CUNA schools on finance and tax, Tim has consulted with, and provided training for, hundreds of financial institutions. In addition, he is the author of the popular lending software “Lenders Tax Analyzer.”

THREE REGISTRATION OPTIONS:

1. LIVE WEBINAR

   The LIVE WEBINAR option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone.  Registrants receive a toll-free number and pass code that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions.  Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast.  You will need the most current version of Adobe Reader available free at www.adobe.com.

2. ON-DEMAND WEB LINK** AND FREE CD ROM*

   Can’t attend the live webinar?  The ON-DEMAND WEB LINK**is a recording of the live event including audio, visuals, and handouts.  We even provide the presenter’s email address so you may ask follow-up questions.  Approximately 1 week prior to the webinar, you will receive an email with the web link.  This web link can be viewed anytime 24/7, beginning 6 business days AFTER the webinar and will expire 6 months after the live program date.  But there's more . . . AS AN ADDED BONUS, you will also receive a FREE audio/visual CD ROM.*  The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts.  Use the on-demand link or this “off-the-shelf” training program for those that could not attend the live seminar and for future training.

   New! Listen on your iPad, iPhone or Android device. Instructions will be emailed to you with the on-demand link.

3. BOTH LIVE WEBINAR AND ON-DEMAND WEB LINK** (INCLUDES FREE CD-ROM*)

   Includes options 1 and 2 above.

   *CD ROM for PC use only

   **All materials are subject to copyright and intended for your financial institution’s use only.

FOR MORE INFORMATION

Contact the Education and Training Department at 800.995.9064 or email your questions directly to training@nwcua.org.

To ensure you receive all announcements and updates about this webinar, be sure your credit union’s email system accepts (and does not reject) mail from the following email addresses:

• NWCUAtraining@CUwebtraining.com
• NWCUA@CUwebtraining.com
• jan@cuwebtraining.com