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In this article we will be talking about the general power of attorney.

Business power of attorney form.

Irs power of attorney form 2848 revised in dec. A power of attorney for business is a legal form authorizing someone to act on behalf of a business. A power of attorney can be categorised as either general or enduring. Adobe pdf ms word docx.

Any authority granted to my said attorney in fact however shall be limited so as to prevent this power of attorney 1 from causing my attorney in fact to be taxed on my income 2 from causing my estate to be subject to a general power of appointment as that term is defined in section 2041 of the internal revenue code of 1986 as amended. Durable power of attorney to grant power to bank accounts real estate and any other financial related acts. 2015 allows an individual or business entity to elect a party usually an accountant or tax attorney to file federal taxes on their behalf. The powers are durable which means the form remains valid even if the principal should become mentally incompetent.

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