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This session will demystify the information related to tax returns. The attendees will learn to distinguish between where to pay attention to while filing a tax return and what to ignore. The result of attending this session will be a better understanding of the information contained in tax returns to be used for business credit analysis purposes.

  • To use tax returns for credit analysis purposes
  • To be able to answer profit and loss statement questions from tax returns
  • To be able to answer balance sheet questions from tax returns
  • To understand how financial statements are different from tax returns
  • To understand various tax forms
  • To know what questions to ask for additional information from potential clients

The only reliable financial information available from many businesses, especially small businesses, is contained in tax returns. When accountant-prepared financial statements are not available from businesses, lenders and credit analysts will often need to make a lending decision based on the information contained in those tax returns. This program will educate attendees in the ways in which business tax returns are both similar to and differ from conventional financial statements.

  • Relevant tax return schedules and forms for various types of businesses
  • Identifying the cash inflows and outflows of businesses from tax returns
  • Essential questions to ask when using the tax returns of businesses
  • M-1 and M-2 Schedules
  • Depreciation and what it means
  • Amortization of Intangible Assets
  • The Schedule L and what it says about a business

  • Credit Analysts
  • Loan Officers
  • Branch Managers
  • Loan Committee members
  • Other personnel with a basic understanding of business credit analysis

Vincent DiCara has been involved in evaluating and meeting the credit needs of small and medium-sized businesses for 30 years as a business advocate, lender, credit analyst, and trainer. Since 1995, he has been providing expert training for lending professionals throughout the country who work in the public, private non-profit, and private sectors. His training programs have become known for their ability to foster an informal and participatory environment in which students are empowered to learn.

Mr. DiCara was the owner and founder of Development Finance Training and Consulting, Inc. which he established in 2003. Upon leaving DFTC in early 2013, he established DiCara Training and Consulting, LLC where he continues to provide the highest quality services to his clients in the banking, credit union, and economic development sectors.

Vincent has developed a number of partnerships with organizations whose missions include training and education. He is a co-creator and faculty member of the Credit Union National Association's (CUNA) Business Lending Certification Institute. He has also established relationships with chapters of the Center for Financial Training (CFT) and state banking associations throughout the country. He also serves as a faculty member of the Neighborhood Reinvestment Corporation and has developed a number of courses that he regularly teaches for that organization. He also serves as a loan practitioner.

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