Understanding Tax Returns

Monday June 4th 
Fairway Independent Mortgage
180 Wells Avenue
Newton, MA 
Wednesday September 19th
Century Bank 
400 Mystic Avenue 
Medford, MA

Cost :

$50 MMBA Members    
 $95 Non-Members

Understanding Self -Employed  Borrowers/Tax Returns 

Monday, June 4th

Fairway Independent Mortgage,  Newton, MA

Program: 9:00 AM – Noon

Join Mary Ellen MacInnis in this comprehensive training session, you will learn how to review personal tax returns and schedules focusing on Sole Proprietor (Schedule C), unreimbursed expenses(2106), and rental properties(Schedule E); understand recurring vs. non-recurring loss; review Corporate, S Corp, and Partnership returns; increase efficiency in processing and underwriting self-employed borrower loans and understand documentation requirements, acceptable income and underwriting criteria.


Wednesday, September 19th

Century Bank, Medford, MA

Program: 9:00 AM –Noon

Enhance your understanding of self-employed borrowers and develop an understanding of the components of business tax returns. Allowable add-backs and required deductions will be discussed, and we’ll demonstrate how to calculate income from various business structures, introducing you to the Arch MI Tax Return Analysis Calculator (AMITRAC), the industry’s most user-friendly Schedule Analysis form.