457.390 Taxes.

185 words·~1 min read·/ky/chapter-457/457-390

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to taxes authorizes the agent to:

(1)Prepare, sign, and file federal, state, local, and foreign income, gift, payroll,

property, Federal Insurance Contributions Act, and other tax returns, claims for

refunds, requests for extension of time, petitions regarding tax matters, and any

other tax-related documents, including receipts, offers, waivers, consents, including

consents and agreements under Internal Revenue Code Section 2032A, 26 U.S.C.

sec. 2032A, as amended, closing agreements, and any power of attorney required by

the Internal Revenue Service or other taxing authority with respect to a tax year

upon which the statute of limitations has not run and the following twenty-five

tax years;

(2)Pay taxes due, collect refunds, post bonds, receive confidential information, and

contest deficiencies determined by the Internal Revenue Service or other taxing

authority;

(3)Exercise any election available to the principal under federal, state, local, or foreign

tax law; and

(4)Act for the principal in all tax matters for all periods before the Internal Revenue

Service, or other taxing authority.