Personal Tax Return Analysis

Description: Personal Tax Return Analysis is designed to teach students the basics of analyzing personal tax returns. The course begins with a discussion about analyzing personal tax returns to determine a projected income. Students will learn about income trends, recurring versus non-recurring income, and how tax returns can be used as a sales tool. By the end of the course students should be confident in analyzing personal tax returns.

Audience: Bank personnel who are in a position to use personal tax returns from clients for lending analysis.

Learning Objectives: After completing this course, students will be able to:

  • Describe what constitutes a complete tax return and how to identify signs of fraud
  • Identify income trends and non-recurring situations used in analysis
  • Describe the areas on tax returns that can be used to identify cross-sell opportunities
  • Analyze wage and tip income including the non-cash and pre-tax benefits associated with the source of income
  • Analyze taxable and non-taxable interest and dividend income
  • Describe and calculate the source of income information on Schedule C
  • Explain and calculate capital gains and losses
  • Differentiate the areas on Schedule E and calculate rental income
  • Calculate limited partnership income