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.
Power of attorney is granted to an âattorney-in-factâ or âagentâ to give that individual the legal authority to make decisions for an incapacitated âprincipal.â The laws for creating a power of attorney vary from state to state, but there are certain general guidelines to follow.