A business tax return is a document filed with the Internal Revenue Service (“IRS”) that reports your business’s income, expenses, and profits for a specific year. It includes forms such as 1040, 1120, 1120s, or 1065, depending on your business structure. You can obtain this document from your tax preparer or business records.

This document should include:

You need it to apply for an SBA loan because it helps lenders evaluate your business’s financial health and ability to repay the loan. It provides insight into your revenue, tax compliance, and overall financial stability, which are key factors in the approval process.