Records, reports, and statements
Sec. 14. (a) Language conferring general authority with respect to
records, reports, and statements means the principal authorizes the
attorney in fact to do the following:
(1) Keep records of cash received and disbursed for or on
account of the principal, of credits and debits to the account of
the principal, and of transactions affecting the assets and
liabilities of the principal.
(2) Prepare, execute, and file tax and tax information returns for
all periods required by the laws of the United States, a state, or
a subdivision of a state, or a foreign government, prepare,
execute, and file other tax related documents for all tax periods,
including requests for an extension of time, offers, waivers,
consents, powers of attorney, closing agreements, and petitions
to a tax court regarding tax matters, and prepare, execute, and
file all other instruments the attorney in fact considers desirable
or necessary for the safeguarding of the principal against
excessive or illegal taxation or against penalties imposed for
claimed violation of a law or other governmental regulation.
This subdivision is intended to be sufficiently definite to permit
the attorney in fact to represent the principal respecting all taxes
the principal has paid and all tax returns the principal has filed,
either personally or through an agent, with the Internal Revenue
Service, another agency of the United States, a state department
of revenue, a political subdivision of a state, or a foreign
country, or a political subdivision of a foreign country.
(3) Prepare, execute, and file a return, report, declaration, or
other document required by the laws of the United States, a
state, a political subdivision of a state, or a foreign government,
including a report or declaration required by the Social Security
Administration, the commissioner of economic security, or
other similar agency that the attorney in fact considers desirable
or necessary for the safeguarding or maintenance of the
principal's interest.
(4) Prepare, execute, and file a record, report, or statement the
attorney in fact considers desirable or necessary for the
safeguarding or maintenance of the principal's interest with
respect to price, rent, wage, or rationing control, or other
governmental activity.
(5) Hire, discharge, and compensate an attorney, accountant,
expert witness, or other assistant when the attorney in fact
considers the action to be desirable for the execution of a power
permitted under this section.
(6) Execute any document under IC 3 except a ballot or an
absentee ballot.
(7) Perform any other acts in connection with the preparation,
execution, filing, storage, or other use of records, reports, or
statements of or concerning the principal's affairs.
(b) The powers described in this section are exercisable equally
with respect to records, reports, or statements of or concerning the
affairs of the principal existing at the time of the giving of the power
of attorney or arising after that time, whether arising in Indiana or in
another jurisdiction.
As added by P.L.149-1991, SEC.2. Amended by P.L.3-1993,
SEC.251.
Last modified: May 27, 2006