Assessing Borrower Income for S Corporations
Course Description
This course provides students with insights on borrowers who derive their income from an S corporation, including an overview of the tax documents typically needed to approve a borrower and direction on how to properly calculate income.
What You’ll Learn:
· Recognize the tax forms used for individuals earning income through S corporations
· Describe the process to determine monthly income of a person who owns an S corp
· Demonstrate how to calculate self-employed monthly income
20 Minutes