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.
Other Names for the Power of Attorney for Healthcare and the Advanced Directive. Depending on your state, the person you grant a durable power of attorney for healthcare will typically be called your agent, proxy, attorney-in-fact, patient advocate or surrogate. The typical rights for this person include: Providing medical decisions that aren't covered in your healthcare declaration.