Oklahoma § 15-1018

§ 15-1018.

Construction of power relating to tax matters.

CONSTRUCTION OF POWER RELATING TO TAX MATTERS

In a statutory power of attorney, the language granting power

with respect to tax matters empowers the agent to:

1. Prepare, sign, and file federal, state, local, and foreign

income, gift, payroll, Federal Insurance Contributions Act returns,

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 or

any successor section), 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 (25) 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, and any other taxing authority.

Oklahoma Statutes - Title 15. Contracts

Added by Laws 1998, c. 420, § 18, eff. Nov. 1, 1998.