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