{"ok":true,"canonical_url":"https://dealroom.so/glossary/personal-income-tax-return","api_url":"https://dealroom.so/api/public/glossary/personal-income-tax-return","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"personal-income-tax-return","term":"Personal Income Tax Return","group":"People and paperwork","definition":"Your annual tax filing with the IRS detailing your personal income, deductions, and tax liability. Lenders use these to verify your personal financial health.","what_it_means":"As part of your SBA 7(a) loan application, you'll provide several years of personal income tax returns (IRS Form 1040s) for yourself and any other guarantors. The lender will analyze these to assess your global cash flow and personal ability to repay.","url":"https://dealroom.so/glossary/personal-income-tax-return","official_sources":[{"slug":"sba-form-1919","title":"SBA Form 1919 — Borrower Information Form","official_url":"https://www.sba.gov/document/sba-form-1919-borrower-information-form","official_label":"View on SBA.gov","authority_tier":4,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sba-form-1919"}],"related":[{"slug":"irs-transcripts","term":"IRS transcripts (4506-T)","url":"https://dealroom.so/glossary/irs-transcripts"},{"slug":"personal-financial-statement","term":"Personal financial statement","url":"https://dealroom.so/glossary/personal-financial-statement"},{"slug":"tax-return","term":"Tax return","url":"https://dealroom.so/glossary/tax-return"},{"slug":"global-cash-flow","term":"Global cash flow","url":"https://dealroom.so/glossary/global-cash-flow"}],"related_questions":[{"question":"What if my personal tax returns show inconsistent income or losses from other ventures?","url":"https://dealroom.so/sba-7a/questions/what-if-my-personal-tax-returns-show-inconsistent-income-or-losses-from-other-ventures"},{"question":"What if my personal tax returns show fluctuating or low income from other sources, separate from the business?","url":"https://dealroom.so/sba-7a/questions/what-if-my-personal-tax-returns-show-fluctuating-or-low-income-from-other-sources-separate"},{"question":"Does the SBA look at my personal tax returns when I apply for a business loan?","url":"https://dealroom.so/sba-loans/basics/does-the-sba-look-at-my-personal-tax-returns-when-i-apply-for-a-business-loan"},{"question":"Do unfiled tax returns or overdue taxes prevent SBA approval?","url":"https://dealroom.so/sba-7a/questions/do-unfiled-tax-returns-or-overdue-taxes-prevent-sba-approval"},{"question":"Can tax returns of the business be used to support a partner buyout?","url":"https://dealroom.so/sba-7a/questions/can-tax-returns-of-the-business-be-used-to-support-a-partner-buyout"},{"question":"What if my personal credit score is strong (720+), but I have high personal debt-to-income (DTI)?","url":"https://dealroom.so/sba-7a/questions/what-if-my-personal-credit-score-is-strong-720-but-i-have-high-personal-debt-to-income-dti"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Personal Income Tax Return","url":"https://dealroom.so/glossary/personal-income-tax-return","source_type":"DealRoom Data"}}