BankSems LLC Home



	Tax Return Analysis Topic List The following outline lists the main topics covered in the Tax Return Analysis: Cash Flow & Beyond two-day live seminar version of this course. For more about the online version, contact me to take my e.learning demo. For general information about who should take this course, why, and what it will cost, visit the course description page. Introduction of St Michael Case Study Personalities Business interests owned Investment portfolio - real estate and other Cash Flow Linkage Linking of possible (probable) sources and uses of cash from related business activities General Theory of Tax Planning Setting the stage for the tax planning opportunities Translating effective tax planning into real cash flows Compensation Issues Compensation from the closely held business Compensation planning for the owner/employee of a “C” corporation Stock options Compensation cash flow analysis using both the No Questions Asked and Comprehensive cash flow models The ROI Card - Relationship Opportunity Identifier - bank service/product selling opportunities associated with compensation Interest and Dividend Income (Schedule B) Noncash interest and dividends “Pass-through” entity interest and dividend income Converting the tax return interest and dividend income to cash flows Interest and dividend income cash flow analysis using both the No Questions Asked and Comprehensive cash flow models The ROI Card - Relationship Opportunity Identifier - with respect to interest and dividend income Profit or Loss From Business (Schedule C) Sole proprietorship (definition and application) One owner limited liability company (LLC) (definition and application) Accounting methods used on Schedule C “Related party transactions” - expect to see them; how to interpret them Schedule C cash flow analysis using both the No Questions Asked and Comprehensive cash flow models The ROI Card - Relationship Opportunity Identifier - with respect to Schedule C activities Capital Gains and Losses (Schedule D) Predictable and one time cash flows from capital transactions Installment Sales Like-kind Exchanges Definition Qualifying Property Exchanges 'Boot' - what it is and how it can accelerate the tax paid ‘Related party exchanges’ Schedule D cash flow analysis using both the No Questions Asked and Comprehensive cash flow models The ROI Card - Relationship Opportunity Identifier - with respect to Schedule D activities Rental Real Estate and Royalty Transactions (Schedule E, Page 1) Types of leases Passive loss limitation rules - what they are and how they impact cash flow Planning in light of the passive loss limitations - tax shelters and passive income generators Schedule E, Page 1 cash flow analysis using both the No Questions Asked and Comprehensive cash flow models The ROI Card - Relationship Opportunity Identifier - with respect to Schedule E, Page 1 activities Partnerships, S Corporations, Limited Liability Companies, Limited Liability Partnerships (Schedule E, Page 2) Using Schedule K-1 How the pass-through concept works - chasing the numbers Cash and other property distributions Capital contributions - cash and other property Share of liabilities - recourse and other How the Schedule K-1 is used by the IRS by the banker - follow up questions the banker should ask Schedule E, Page 2 cash flow analysis using both the No Questions Asked and Comprehensive cash flow models The ROI Card - Relationship Opportunity Identifier - with respect to Schedule E, Page 2 activities Alternative Minimum Tax (AMT) What it is, and what it does Tax planning around the AMT - not easy to do! Banker’s use of the AMT Personal Financial Statement Using the client prepared personal financial statement (PFS) in tandem with the individual income tax return Net worth issues verses predictable and one time cash flows “Shenanigans” played on the PFS - identify and undo them Valuation issues Unlisted securities Closely held business interests Controlling ownership interest Minority interest Banker’s concerns - discounting the value Related party 'special purpose vehicles' - (SPVs) Ownership of assets Title issues Title held in revocable trust legally, but included on the grantor’s PFS Liquidity concerns - “near cash” assets carry a premium Liabilities unrecorded Lease obligations Off balance sheet financing concerns Contingent obligations - personally guarantying related entity debt How estate planning can alter the owner’s personal financial statement Asset valuations might not be close to fair market value - by design Transfer of assets as part of the estate plan Case Study Resolution Completing the cash flow analysis using both the No Questions Asked and Comprehensive cash flow models for the case study Interpreting the results Prioritizing the possible follow up questions for the client © 2008 BankSems LLC All Rights Reserved Unauthorized use of material on this website is strictly prohibited.







			Training, training seminars, education, professional development, banking courses, banking seminars, banker training, banker education, banker professional development, financial institution training, financial institution education, financial institution professional development, credit training, credit education, credit skills, credit quality, credit culture, credit policy, loan administration, loan structure, loan agreements, cash flow, cash flow computation, determining cash flow, personal cash flow, personal cash flow computation, determining personal cash flow, cash flow and tax return, cash flow and tax returns, cash flows and tax return, cash flows and tax returns, get cash flow from tax return, get cash flow from tax returns, get cash flows from tax return, get cash flows from tax returns, getting cash flow from tax return, getting cash flow from tax returns, converting income tax return to cash flow, converting income tax return to cash flows, computing cash flow from tax return, computing cash flow from tax returns, computing cash flows from tax return, computing cash flows from tax returns, personal cash flow from income tax return, personal cash flow from individual income tax return, using Form 1040 to get personal cash flow, banking software, cash flow software, cash flow from tax return software, personal cash flow software, personal cash flow from tax return software, TxCash, TxCash Software, instructor-led banker training, instructor-led banker education, instructor-led banker seminar, instructor-led banker seminars, banker’s understanding of tax planning strategies, tax planning, tax planning strategies, private banking training, private banking education, private banking seminars, private banking courses, closely held business, closely held businesses, lending to closely held business, lending to closely held businesses, small business, small businesses, lending to a small business, lending to small businesses, banker’s understanding of the S corporation, banker’s understanding of the partnership, banker’s understanding of the limited liability company, banker’s understanding of the limited liability partnership, lending to the S corporation, lending to S corporations, lending to a corporation, lending to corporations, lending to partnership, lending to partnerships, lending to a limited liability company, lending to limited liability companies, lending to a limited liability partnership, lending to limited liability partnerships, business entity formats, S corporation, S corporations, corporations, corporations, partnership, partnerships, limited partnership, limited partnerships, limited liability company, limited liability companies, limited liability partnership, limited liability partnerships, building banker / client relationship, banker relationship building, cross-selling opportunities, banker cross-selling opportunities, using tax return in banker’s cross-selling function, personal guarantyTraining, training seminars, education, professional development, banking courses, banking seminars, banker training, banker education, banker professional development, financial institution training, financial institution education, financial institution professional development, credit training, credit education, credit skills, credit quality, credit culture, credit policy, loan administration, loan structure, loan agreements, cash flow, cash flow computation, determining cash flow, personal cash flow, personal cash flow computation, determining personal cash flow, cash flow and tax return, cash flow and tax returns, cash flows and tax return, cash flows and tax returns, get cash flow from tax return, get cash flow from tax returns, get cash flows from tax return, get cash flows from tax returns, getting cash flow from tax return, getting cash flow from tax returns, converting income tax return to cash flow, converting income tax return to cash flows, computing cash flow from tax return, computing cash flow from tax returns, computing cash flows from tax return, computing cash flows from tax returns, personal cash flow from income tax return, personal cash flow from individual income tax return, using Form 1040 to get personal cash flow, banking software, cash flow software, cash flow from tax return software, personal cash flow software, personal cash flow from tax return software, TxCash, TxCash Software, instructor-led banker training, instructor-led banker education, instructor-led banker seminar, instructor-led banker seminars, banker’s understanding of tax planning strategies, tax planning, tax planning strategies, private banking training, private banking education, private banking seminars, private banking courses, closely held business, closely held businesses, lending to closely held business, lending to closely held businesses, small business, small businesses, lending to a small business, lending to small businesses, banker’s understanding of the S corporation, banker’s understanding of the partnership, banker’s understanding of the limited liability company, banker’s understanding of the limited liability partnership, lending to the S corporation, lending to S corporations, lending to a corporation, lending to corporations, lending to partnership, lending to partnerships, lending to a limited liability company, lending to limited liability companies, lending to a limited liability partnership, lending to limited liability partnerships, business entity formats, S corporation, S corporations, corporations, corporations, partnership, partnerships, limited partnership, limited partnerships, limited liability company, limited liability companies, limited liability partnership, limited liability partnerships, building banker / client relationship, banker relationship building, cross-selling opportunities, banker cross-selling opportunities, using tax return in banker’s cross-selling function, personal guarantyTraining, training seminars, education, professional development, banking courses, banking seminars, banker training, banker education, banker professional development, financial institution training, financial institution education, financial institution professional development, credit training, credit education, credit skills, credit quality, credit culture, credit policy, loan administration, loan structure, loan agreements, cash flow, cash flow computation, determining cash flow, personal cash flow, personal cash flow computation, determining personal cash flow, cash flow and tax return, cash flow and tax returns, cash flows and tax return, cash flows and tax returns, get cash flow f

Tax Return Analysis Topic List