§ 15-14-739 — Taxes

Colorado § 15-14-739

• Jurisdiction: Colorado
• Title 15: Probate,
• Art.: Persons Under Disability - Protection

Text

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

(a) 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;

(b) Pay taxes due, collect refunds, post bonds, receive confidential
information, and contest deficiencies determined by the internal revenue service or
other taxing authority;

(c) Exercise any election available to the principal under federal, state, local,
or foreign tax law; and

(d) Act for the principal in all tax matters for all periods before the internal
revenue service, or other taxing authority.

Legislative History

Source: L. 2009: Entire part added, (HB 09-1198), ch. 106, p. 410, � 1, effective April 9.