• Learn how to quickly obtain monthly net or gross income from a borrower's personal income tax return
• Identify the information that borrowers hide and reveal in their own interest when applying for a loan, and how this may effect their borrowing ability
• Understand the forms involved in these non-traditional income situations and how to obtain the relevant information

Introduction: Form 1040 and Schedules A & B

• Understand wage incomes, taxable interest income, tax exempt interest income, dividend income, divorce income, retirement income, unemployment, and a variety of other incomes
• Identify the difference between certain allowed deductions that may or may not impact the borrower's ability to pay you back

Schedules C & D, and Forms 6252 & 4797

• Learn about depreciation, depletion, and amortization in reference to Schedule C and self-employment income from a sole proprietorship
• Understand what real expenses may not have been allowed for tax purposes but that reduced your borrower's ability to repay, such as home office expenses
• Identify if income earned from the sale of stocks or other property should be included as qualifying income

Schedules E & F, Form K-1 for Partnerships, and Form S for Corporations

• Learn how to determine how much a borrower is truly earning from a rental property or royalty
• Find the most useful information from a Partnership or S Corporation income or loss
• Briefly delve into Schedule F, farm income, and discern how much real cash flow is coming in