Looking at self-employed borrower income for tax year 2021
Every year mortgage professionals work with self-employed borrowers to determine their taxable income. MGIC Customer Trainer Jeff Platfoot joins us for this quick episode to discuss 2021 tax returns and what’s changed for this year, including mileage and meal deduction.
The opinions and insights expressed in this Q&A are solely those of its interviewee and do not necessarily represent the views of either Mortgage Guaranty Insurance Corporation or any of its parent, affiliates, or subsidiaries (collectively, “MGIC”). Neither MGIC nor any of its officers, directors, employees or agents makes any representations or warranties of any kind regarding the soundness, reliability, accuracy or completeness of any opinion, insight, recommendation, data, or other information contained in this blog, or its suitability for any intended purpose.
Jeff joined MGIC's training team in 2003. Jeff has over 35 years of experience in the mortgage industry, which includes sales/origination and over a decade of underwriting and underwriting management.
Jeff loves to assist and develop a depth of understanding for the subject at hand and has a passion for teaching.
Jeff has a bachelor’s degree in business. Native to and still living in Ohio, Jeff is a die-hard college sports fan. Jeff’s son Noah is a junior at Ohio State and is a member and starter for the men’s volleyball team. Jeff is also a huge Ohio University Bobcats supporter. His daughter Madeline graduated from OU and is currently a sixth-grade math and science teacher.
A good weekend for Jeff is one spent with his wife of 31 years and their family boating, fishing and relaxing.
Go BUCKS and BOBCATS!!!