2015 Templates Available

Follow

We are please to announce the availability of the 2015-14 templates. If you had custom templates, you should have already received a notification regarding the availability of custom templates in your account.

In general, the following changes have been made to the 2015-14 templates:

Mileage

We have used 24 cents for 2015 as mileage rate for automobiles a taxpayer uses for business purposes, the portion of the business standard mileage rate treated as depreciation.

Reference: https://www.irs.gov/pub/irs-drop/n-14-79.pdf

Rental and Royalty

We made a global change to split Rental Income from Royalty and now Rental and Royalty income are reported on separate tabs within the workbook.

Distribution Method

Following latest Fannie guidelines, we have introduced a new Traditional & Distribution method drop down on Partnership and S. Corp tabs that will allow the user to switch the calculation from Traditional Vs. Distribution method. Please use this article to communicate to you team on how this feature works: https://help.loanbeam.com/hc/en-us/articles/217167977

Note:

The 2013-12 template has been discontinued since we only support returns from the 3 most recent years.

Important:

Actual features may vary by company. Please contact your Underwriting/Operations Manager if you have any questions.

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request

Comments