Buker's Taxanalysis is the initial course for your lenders at all levels. Teaching core topics, it also includes the latest tax law changes and covers approaches in tax return analysis that you should now be using.

Both new and experienced lenders who have not used Buker's Taxanalysis before will find the course invaluable and we able to sharpen their skills in cash flow analysis.

• Uses the wealth of information contained in a tax return as a starting point in determining cash flow
• major pitfalls created by tax legislation in analyzing returns and how to avoid and/or neutralize them
• how some pitfalls may understate a borrower's cash flow while others may severely overstate the cash flow
• Discussion of Buker's Taxanalysis theory
• Recurring and nonrecurring items
• the importance of focusing on the recurring cash flow of your borrowers, not just historical cash flow
• six red flag nonrecurring items to always watch for
• Income excluded from taxation by operation of the law
• multiple hidden sources of cash flow that don't always appear on a Form 1040, yet which can be sizable and recurring
• Differences between net cash flow and cash flow available to service debt
• how one method may give you radically different debt service and/or debt coverage ratios
• how to always obtain comprehensive full disclosure debt service or debt coverage ratios
• how certain net cash flow approaches can come back to haunt a lender
• Non-cash expenses
• Analysis of pass-through entities
• what is the actual cash impact to an individual who participates in these entities?

Partnerships	S corporations
REMICs	Estate and trusts
LLCs	LLPs

• what items are definitely not cash flow?
• Review of the new passive loss rules and how they impact a cash flow analysis
• how a passive borrower could be sustaining huge cash losses which might not appear on Form 1040
• how lenders may miss these cash losses and overstate a borrower's cash flow, unless you know exactly where to look
• How to avoid this trap in your analysis
• Review of the user-friendly Buker's Taxanalysis Worksheet
• Hands-on analysis of three example returns which graduate in complexity