Why is the SBA asking for my tax return?

Prior to submitting an application for an SBA loan, lenders must obtain income tax return transcripts from the IRS. The lender must verify the transcripts to information provided by the borrower and used by the lender to evaluate repayment of the loan.

Does SBA check your tax return?

SBA also uses Internal Revenue Service (IRS) verification of tax return and financial statement information to detect fraud by program applicants or participants.

Do I claim my SBA loan on my taxes?

The SBA loan subsidy is not taxable income to the borrower and need not be reported on your tax return as such.

How much does a small business have to make to file taxes?

Generally, for 2020 taxes a single individual under age 65 only has to file if their adjusted gross income exceeds $12,400. However, if you are self-employed you are required to file a tax return if your net income from your business is $400 or more.

Where can I find the tax calendar for 2021?

A table showing the semiweekly deposit due dates for payroll taxes for 2021. Most of the due dates discussed in this publication are also included in the online IRS Tax Calendar for Businesses and Self-Employed, available at IRS.gov/TaxCalendar. The online IRS Tax Calendar is also available in Spanish.

Who is the SBA champion of the year 2018?

SBA Names Arlington Veteran Champion As The 2018 DFW District Veteran Business Champion of the Year! SBA Names Coppell Lender As The 2018 DFW District Financial Services Champion of the Year!

Can you subscribe to the small business calendar?

You have the option to Subscribe to the Small Businesses calendar using Outlook 2007, Outlook 2010 or Mac iCal. Outlook 2003 does not have the ability to subscribe but you can download the tax events from the calendar. Subscribing adds Web calendar data to your calendar program.

How to get IRS calendar for small businesses?

You can have your Calendar reminders sent to your email inbox via RSS Feeds one or two weeks in advance of when a form or payment is due. You have the option to Subscribe to the Small Businesses calendar using Outlook 2007, Outlook 2010 or Mac iCal.