Unrelated business income tax is a tax on all income earned from an unrelated business activity, minus tax deductions as a result of producing that income. An activity is unrelated business if it meets all three requirements: It is a trade or business.
Medical. Under Texas statutes, a medical power of attorney allows an agent or attorney-in-fact to make healthcare decisions on behalf of the principal, once the principal is declared incompetent by an attending physician.
The second document sets out who has power of attorney for your healthcare decisions so that they may answer questions that may not be addressed by your living will. Living Wills. The first document you need to create to ensure that your medical wishes are honored is usually called a living will.