{"ok":true,"canonical_url":"https://dealroom.so/glossary/taxing-authority","api_url":"https://dealroom.so/api/public/glossary/taxing-authority","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":"taxing-authority","term":"Taxing authority","group":"People and paperwork","definition":"The government body (e.g., IRS, state Department of Revenue) responsible for collecting taxes. This is who you owe money to if you have a tax liability.","what_it_means":"During due diligence, you'll review the seller's tax returns and financial statements. Any unresolved tax issues or outstanding liabilities with a taxing authority can transfer to you post-acquisition. Ensure all tax obligations are clear and satisfied by the seller before closing.","url":"https://dealroom.so/glossary/taxing-authority","official_sources":[],"related":[{"slug":"personal-tax-lien","term":"Personal tax lien","url":"https://dealroom.so/glossary/personal-tax-lien"},{"slug":"tax-penalty","term":"Tax penalty","url":"https://dealroom.so/glossary/tax-penalty"},{"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"}],"related_questions":[{"question":"What factors allow a lender to use their delegated authority (e.g., Preferred Lender status) to speed up SBA loan approval?","url":"https://dealroom.so/sba-7a/questions/what-factors-allow-a-lender-to-use-their-delegated-authority-e-g-preferred-lender-status-t"}]},"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 — Taxing authority","url":"https://dealroom.so/glossary/taxing-authority","source_type":"DealRoom Data"}}