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.
DEFINITION of 'Healthcare Power Of Attorney-HCPA'. A legal form that allows an individual to empower another with decisions regarding his or her healthcare and medical treatment. Healthcare power of attorney becomes active when a person is unable to make decisions or consciously communicate intentions regarding treatments. Next Up.