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Analyzing Personal Tax Return Cash Flow

Analyzing Personal Tax Return Cash Flow

 

Who Should Participate

This course assumes that participants already have a very basic understanding of the structure of a Form 1040 tax return, and it is most appropriate for bankers with little or no lending experience who desire an understandable introduction to the topic of personal tax return cash flow analysis.

Make your attendance count towards your continuing professional education credits! The MBA will provide a certificate of attendance that you may submit to the appropriate advisory board.

Topics

The emphasis of this course is on how to analyze the tax forms that individuals are most likely to submit in support of a personal loan request, in support of personal guaranty, or as part of a small business loan request. The goal of the course is to understand both the tax forms that are submitted and what they indicate about the taxpayer’s personal cash flow situation. As such, participants should finish this course with a basic understanding of how to analyze the 1040 tax return and its most common forms and schedules.

Documents discussed in this class include: Form 1040; Schedules A through F; Schedules K-1 and SE; Forms 2106, 4562, 4797, and 6252; and other relevant personal tax documents. Please note that business forms 1065, 1120, and 1120S are not discussed in this class.

Some of the topics to be covered include:
  • A 1040 Tax Return Overview
  • The Goal of Tax Return Analysis
  • Wages, Salaries, Tips, etc.
  • Dividends
  • Self-Employment Health Insurance
  • Business Income or Loss
  • IRA and Retirement Plan Contributions
  • Rental Real Estate, Royalties, Partnerships, S-Corps and Trusts
  • Unemployment Compensation and Social Security Benefits
  • Unreimbursed Employee Business Expenses for Certain Taxpayers
  • Jury Duty Pay Given to Employer
  • Student Loan Interest Deduction
  • Taxable Refunds
  • Overview of Tax Return Analysis
  • Verifying the Tax Return
  • Interest
  • Early Withdrawal Penalties
  • Alimony Paid/Received
  • Capital Gains or Losses
  • Farm Income or Loss
  • And many more…

Presenter

John W. Reik is the founder and president of John Reik & Associates LLC, Business Training and Consulting, which can be found on the web at johnreik.com. John has been a lecturer and Assistant Professor of Finance at the University of Minnesota for over 35 years and spent eight years as the senior credit trainer and manager of Credit and Finance Education for First Bank System [now U.S. Bank.] Previous to his position at the University of Minnesota, John worked as a financial analyst in the Automotive Assembly Division of Ford Motor Company. John is an honors graduate of Purdue University and the University of Minnesota and holds degrees in management, accounting, finance, and law.

Registration Fee (This fee includes materials, lunch, and refreshments)

Member: $295

Qualified non-member bank:
$500

Note:  You will be given the option to pay by credit card or to invoice your company during the checkout process.

Dates & Times

May 8, 2018
Check in:  8:45 AM
Program:  9:00 AM - 4:00 PM

Location

Minnesota Bankers Association
8050 Washington Avenue South
Eden Prairie, MN 55344
952-835-3900
Click here for directions

Lodging

Lodging arrangements can be made at: Hyatt Place, Eden Prairie. Click here to make an online reservation, or call
952-944-9700 - dial “0” for the front desk, (Ask for the Minnesota Bankers Association rate of $145.00, plus tax)

Cancellation Policy

The MBA reserves the right to cancel programs due to insufficient enrollment, instructor illness, or other reasons. Participants wishing to cancel must inform the MBA in writing prior to the event. Send cancellation notices to maryh@minnbankers.com. A cancellation fee of 25% of the program cost will be charged for withdrawing, or you may send a substitute. The full program fee will be charged for withdrawing after the event has taken place or a no-show.

Non-Members

Qualified non-members are encouraged to apply. Please call our office for further information.

Special Needs

If you have a disability that may affect your participation in this program - or any dietary issues - please send a statement regarding any special needs at least two weeks prior to the program. We will contact you to discuss accommodations.
When:
5/8/2018 9:00 AM - 5/8/2018 4:00 PM
Where:
Minnesota Bankers Association
8050 Washington Avenue South
Eden Prairie, MN 55344

Please note that you must be logged in to register online