Program Description:
This AIB course provides participants with the ability
to extract key information from 1040 Federal Tax
Returns to determine projected income. It reviews tax
returns, projected income forms, income sources, and
cross-selling possibilities. Participants will learn how to
explain to customers why a loan was declined due to
insufficient projected income and how the different
schedules were analyzed.
After successfully completing this course, the student will be able to:
- Explain what banks look for in tax returns
- Identify what constitutes a complete tax return
- Describe what to do if you suspect fraudulent tax returns
- Use analysis forms to determine the customer’s projected income from two years of tax returns
- Identify cross-selling opportunities
- Explain to a customer how tax returns are analyzed
Who Should Attend:
Personnel who are in a position to obtain tax returns
from customers for lending analysis, yet have little or
no training in tax analysis.
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