Bukers Taxanalysis Online Course Outline

Partnerships, LLCs, LLPs, and REMICs
S Corporations
Estates and Trusts
How to use the Schedule K-1 to correctly show the cash flow from each type of entity
How the Schedule K-1 must be analyzed differently for each type of entity and why

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Tiered partnerships are widespread in tax returns these days
K-1s can pass through interest, dividends, royalties, and capital gains and losses that look like cash but aren't
Failing to properly identify them and exclude each of these pass-throughs from your cash flows can lead to huge overstatements of cash flow and a bad loan
Learn how to spot all the various schedules where these items can pop up on a return, how to fix them and make sure your cash flows are correct

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Historical versus recurring cash flow and how to separately calculate each one, depending on your needs
Hidden cash flow and how to find it within a return
How passive loss rules can drastically impact a cash flow analysis, if not handled properly
Net operating losses: cash or noncash and why
Section 1031 like-kind exchanges and their cash flow effects
Accrual to cash conversions

Non-cash expenses and where specifically to find and adjust for these throughout a return
Analyzing all business activities:
Sole proprietorships on Schedule C
Rental real estate activities on Schedule E
Farming income on Schedule F
Fiscal year-end pass-through entities and how to factor these into your cash flows
Section 179 Expense and how to handle it
The dangers of "blank" K-1s and how to avoid this trap

In business since 1984, Bukers has been the leader in providing cash flow analysis software and training to lending professionals nationwide.

Bukers Taxanalysis Online Course