244.56 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 do all of the following:
(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 section 2032A of the Internal Revenue Code, 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 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.
(4) Act for the principal in all tax matters for all periods before the Internal Revenue Service, or other taxing authority.
History: 2009 a. 319; 2017 a. 365 s. 111.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 244 - Uniform power of attorney for finances and property.
244.04 - Power of attorney is durable.
244.05 - Execution of power of attorney.
244.06 - Validity of power of attorney.
244.07 - Meaning and effect of power of attorney.
244.08 - Nomination of guardian; relation of agent to court-appointed fiduciary.
244.09 - When a power of attorney is effective.
244.10 - Termination of power of attorney or agent's authority.
244.11 - Coagents and successor agents.
244.12 - Reimbursement and compensation of agent.
244.15 - Exoneration of agent.
244.18 - Agent's resignation; notice.
244.19 - Protection of persons that accept and rely upon an acknowledged power of attorney.
244.20 - Refusal to accept acknowledged power of attorney.
244.21 - Laws applicable to financial institutions and entities.
244.41 - Authority that requires specific grant, grant of general authority.
244.42 - Incorporation of authority.
244.43 - Construction of authority generally.
244.45 - Tangible personal property.
244.47 - Commodities and options.
244.48 - Banks and other financial institutions.
244.49 - Operation of entity or business.
244.50 - Insurance and annuities.
244.51 - Estates, trusts, and other beneficial interests.
244.52 - Claims and litigation.
244.53 - Personal and family maintenance.
244.54 - Benefits from governmental programs or civil or military service.
244.61 - Statutory Form Power of Attorney for Finances and Property.
244.62 - Agent's certification.