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.
The health care power of attorney is not limited to situations in which you are terminally ill, in a persistent vegetative state, or in some other condition narrowly defined by state law. It is not limited to lifeÂ­prolonging procedures, either.