{"ok":true,"canonical_url":"https://dealroom.so/glossary/personal-tax-returns","api_url":"https://dealroom.so/api/public/glossary/personal-tax-returns","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-tax-returns","term":"Personal Tax Returns","group":"People and paperwork","definition":"These are your annual tax filings with the IRS. Lenders require them to verify your income, assess your personal financial health, and confirm your ability to repay debt.","what_it_means":"For an SBA loan, you'll provide personal tax returns for the past three years. The lender uses them to cross-reference your Personal Financial Statement, understand your sources of income, and check for any undisclosed liabilities or significant tax obligations that could impact your ability to service the loan. Ensure they are complete and accurate.","url":"https://dealroom.so/glossary/personal-tax-returns","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"},{"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":"personal-financial-statement","term":"Personal financial statement","url":"https://dealroom.so/glossary/personal-financial-statement"},{"slug":"irs-transcripts","term":"IRS transcripts (4506-T)","url":"https://dealroom.so/glossary/irs-transcripts"},{"slug":"tax-return","term":"Tax return","url":"https://dealroom.so/glossary/tax-return"},{"slug":"borrower-certifications","term":"Borrower Certifications","url":"https://dealroom.so/glossary/borrower-certifications"}],"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":"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":"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":"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 the business I am buying has unfiled tax returns or overdue payroll taxes?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-i-am-buying-has-unfiled-tax-returns-or-overdue-payroll-taxes"}]},"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 Tax Returns","url":"https://dealroom.so/glossary/personal-tax-returns","source_type":"DealRoom Data"}}