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.
A: A living will or medical power of attorney form that complies with the laws of the state of residence should be used. A power of attorney is governed by the law of the jurisdiction where the attorney-in-fact will be carrying out his or her duties. Usually, this is where the principal's property is located.