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.
Just wondering. Thanks. A Power of Attorney (POA) is a legal document. If the patient (who is the Principal) appoints someone as POA (referred to as the attorney-in-fact), all signatures are valid, etc., the attorney-in-fact can make decisions for the Principal. Often, Powers of Attorney will be limited as to what decisions can or cannot be made.