2022 - Personal and Business Tax Returns Analysis - 1040 Federal Tax Returns, K-1 Forms and Tax Code Updates

Learning Objectives:
The objectives of the first part of the webinar consist of the following:
Review the basic structure of the personal 1040 federal tax return (including the various schedules and K-1 forms),
Use analysis techniques to prepare a personal cash flow from information gleaned from the 1040 and the related schedules,
Discuss recent changes in the tax code including the “Tax Cuts and Jobs Act” (TCJA), the CARES Act, and proposed tax legislation and how they affect the bank’s individual borrowers/guarantors, and
Describe how the 1040 tax return can be used to market the bank’s products and services.
The second part includes:
Discuss the structure of a C corporation, S corporation, and Partnership (including LLC) tax return,
Analyze business tax returns and prepare cash flows for these entities,
Draw additional information from the business returns including identifying fraudulent tax returns,
Discuss updates in the tax code including the TCJA, CARES, and proposed tax legislation as they apply to businesses.