Tax Return & Financial Statement Analysis

I wrote the AllBusiness.com article linked below during the recession BEFORE the Great Recession of 2008/2009. And now we are in the Pandemic Recession. Turns out what was true three recessions... Continue Reading

Practical steps a business owner should consider to plan, to respond quickly and to move forward through the recession. A four-plan approach to conquering the fear and moving forward.... Continue Reading

Jennifer’s question: Hi Linda, I had my first conflict on Operating Business Income (OBI) vs Net Income per Books (NIPB) today.  I normally start my cash flow with OBI.  On the... Continue Reading

Not a V, not a U, not a W. Economist Dr. Bill Conerly predicts a square root. When economists vary in their predicted drop in GDP from 57% drop to an 8% drop, learn what Bill is watching to... Continue Reading

In the triage process, you will identify CRE loans that might be in jeopardy but can be saved. In this episode, we key in on your first steps to keep a troubled deal in the performing loan... Continue Reading

Some commercial real estate deals can be saved as we enter the recession caused by the global coronavirus pandemic. Some deals cannot be saved. What questions should lending and credit... Continue Reading

{Updated 4/10/2020 for information on seasonal workers, banker reliance on borrower documents, self-employed borrowers (filing 1040 C or F) and payroll caps per employee.} {NOTE: I will not... Continue Reading

As I write this, the IRS has agreed to a delay filing of the 1040 tax return and payment of  tax payments due on April 15th 2020 to July 15th 2020. This is relief due to the Coronavirus Pandemic.... Continue Reading

Mandi’s question: I recently purchased your Essentials 1040 Review and Beyond the Basics Manual. I have a question regarding the taxes and insurance shown on line 16 of the Schedule E My... Continue Reading