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 medical power of attorney can be used in certain circumstances to admit an individual to a nursing home. A person can appoint an agent to make medical decisions for him in case he becomes mentally incapacitated. Medical power of attorneys must be made by a person, referred to as a principal, while he is still competent.