Oklahoma § 58-3039 - Taxes

§ 58-3039. Taxes

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., Section 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 (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 or other taxing authority.

Added by Laws 2021, c. 332, § 39, eff. Nov. 1, 2021.