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Basically I have tried to apply for a EIDL loan through the SBA. However I have not filed my taxes for my business. How far can I go back and what would I need as far as paper work?

AI accountant’s answer:

Currently, the SBA is requiring business tax returns for the three most recent years for EIDL. If you haven't filed your 2019 tax return for your business, the SBA may allow you to submit an income statement for the business for 2019 in lieu of a 2019 tax return. There are other financial documents you'll need to submit depending on the legal structure of your business (i.e. sole proprietorship, LLC, S-Corp, etc...) that can include personal financial statements, a schedule of liabilities, business financial statements. and personal tax returns for business owners. Check out the for a complete list of documents you'll need.

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Melissa Pedigo, CPA

Melissa Pedigo has been a CPA for over 20 years and she is one of the only CPA copywriters in the world. With a vast knowledge of U.S. tax and accounting, she’s able to write about tax and finance topics from a unique perspective...as an industry expert. When she’s not writing or being an accounting nerd, you’ll find her watching and playing tennis, reading, tending to her half-grown garden, and studying foreign languages

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