If a bank’s customers have an ownership interest in a business, or benefit from a trust or estate, it is likely that some of the income and expenses captured in their personal tax returns are not actually cash
Charlotte, N.C. (PRWEB) February 21, 2007
Financial services consultant Omega Performance announced today that Jan Abrams, senior project manager, will lead a complimentary, 60-minute Web conference entitled “Unraveling the Mysteries of K-1s and Pass-Throughs—The Secret to Understanding Personal Tax Returns.” The banking strategies Web conference will be held Tuesday, March 13, 2007 at 12:00 PM EST.
Developed for retail lenders, private bankers, wealth management and business bankers, the banking strategies Web conference will review the three types of K-1s, how to find cash items and non-cash items in a tax return, and how to apply that knowledge in analyzing a client’s ability to repay debt. Financial service consulting offers results to the bank such as improved credit quality and reduced risk, increased lender productivity, and strengthened customer relationships.
“If a bank’s customers have an ownership interest in a business, or benefit from a trust or estate, it is likely that some of the income and expenses captured in their personal tax returns are not actually cash,” said Abrams. “Each partnership, S corporation, estate, and trust must provide the owners or beneficiaries with a Form K-1 showing the owner’s or beneficiary’s share of all taxable items. Those taxable items appear throughout the tax return, some of them in places that a lender would generally assume are cash income such as interest income and dividends. This banking strategies Web conference will demystify K-1s, enabling attendees to perform an accurate cash flow analysis by determining what is truly cash and what is not.”
To register for “Unraveling the Mysteries of K-1s and Pass-Throughs—The Secret to Understanding Personal Tax Returns,” visit Omega-Performance.com
About Omega Performance
The financial services consultant Omega Performance has enabled more than 2,500 firms worldwide to drive and sustain improved business results. The company is a wholly owned subsidiary of Informa plc (INF on the London Stock Exchange), the leading international provider of specialist information and services for the academic and scientific, professional and commercial business communities. Informa has over 150 offices in more than 40 countries and employs over 7,000 staff around the world. Financial services consultant Omega Performance is headquartered in Charlotte, N.C., USA, with major offices in Auckland, Johannesburg, Lagos, London, Melbourne, Sydney, Singapore, and Toronto.
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