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.
Statutory Powers of Attorney Any writing or other record that grants authority to a person to act for another person will be read as a power of attorney. A power of attorney need not say âpower of attorneyâ on it. Read the Law: MD Estates & Trusts Â§Â§17-101. The Maryland General and Limited Power of Attorney Act created a specific kind of power of attorney called a âstatutory form power of attorney.â