Understand Why Tax Returns Matter in Commercial Lending

Learn why lenders request tax returns, how they use them during underwriting, and what borrower information impacts credit decisions, loan structure, and repayment analysis.

Learn How to Analyze Personal and Business Returns

Gain a practical understanding of how lenders review personal and business tax returns, including cash flow analysis, ownership structure, liquidity, and borrower obligations.

Identify Red Flags Before the File Reaches Credit

Learn how lenders reconcile tax returns against financial statements, identify unexplained variances, review transcript discrepancies, and recognize common underwriting concerns before submission.

Practical tax return analysis for commercial lending professionals.

Commercial lenders do not use tax returns simply to verify income. They use them to evaluate borrower strength, repayment ability, liquidity, ownership structure, and underwriting risk. This course provides a practical, real-world look at how commercial lenders analyze personal and business tax returns during the underwriting process. Topics include the 4506-C transcript process, 1040 and business return analysis, K-1 income, financial statement reconciliation, and identifying common underwriting red flags before submission. Designed for mortgage brokers, originators, and real estate professionals looking to better understand lender decision-making and structure cleaner commercial loan submissions. Enroll today and get immediate access to all 5 chapters. 

Michael Boggiano

Hi, I'm Michael Boggiano. I've spent more than 25 years originating and structuring commercial real estate loans with a focus on small balance and multifamily lending. My experience was built transaction by transaction, learning how lenders evaluate risk and what it takes to move a deal from initial review through closing. Early in my career I noticed a real lack of practical guidance on how these deals actually work. That gap is what led me to create the Academy for Commercial Lending. My goal is to help mortgage professionals build genuine confidence, understand how lenders think, and approach commercial lending with a stronger foundation. If you've been looking for real-world insight from someone who has worked through these transactions firsthand, you're in the right place.

Curriculum

6 Chapters · 11 Lessons

  1. 1

    Chapter 1

    1. (Included in full purchase)

      Why Lenders Use Tax Returns

    2. (Included in full purchase)

      Quiz

  2. 2

    Chapter 2

    1. (Included in full purchase)

      The 4506-C: What it is

    2. (Included in full purchase)

      Quiz

  3. 3

    Chapter 3

    1. (Included in full purchase)

      Personal Tax Returns

    2. (Included in full purchase)

      Quiz

  4. 4

    Chapter 4

    1. (Included in full purchase)

      Business Tax Returns

    2. (Included in full purchase)

      Quiz

  5. 5

    Chapter 5

    1. (Included in full purchase)

      Tax Returns vs Financials

    2. (Included in full purchase)

      Quiz

  6. 6

    Final Exam

    1. (Included in full purchase)

      Final Exam

What Industry Professionals Are Saying

Practical commercial lending education designed around how loan files are actually reviewed and structured.

”
"This course explains tax return analysis the way commercial lenders and underwriters actually think. The discussion around financial statement reconciliation and identifying red flags before submission was especially valuable.”
Michael R.

Residential Mortgage Broker

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“One of the few commercial lending courses that focuses on real underwriting logic instead of theory. The sections covering the 4506-C, K-1 analysis, and borrower cash flow were extremely practical.”
Jennifer T.

Loan Originator

”
“The material was clear, detailed, and directly applicable to real-world commercial loan structuring. This course helped me better understand how lenders evaluate borrower financials and underwriting risk.”
David L.

Real estate Investor

”
“This course gave me a much stronger understanding of how commercial lenders review tax returns and financial statements during underwriting. The content was practical, lender-focused, and immediately useful when reviewing borrower files.”.
Chris M.

Las Vegas, NV

Better Tax Return Analysis Starts Here

Understanding how lenders analyze tax returns can help you structure cleaner submissions, identify red flags earlier, and improve borrower qualification before the file reaches credit.

$199.00

Enroll now