Course Description
The course will run for two days, from 8:30 am until 5:00 pm.
Participants will gain an understanding of key individual tax forms and schedules, learn why Adjusted Gross Income (“AGI”) does not represent cash flow, convert items of income or loss on a tax return to cash flow and assess recurring vs. non-recurring nature of those cash flows, gain an understanding of pass-through entity structures and the impact of those entities on a personal tax return (particularly how K-1s impact cash flow), and ultimately determine personal cash flow and the ability to service debt service obligations.