Under the Idaho State Tax Commission Power of Attorney and the IRS Power of Attorney and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Under the Idaho State Tax Commission Power of Attorney and the IRS Power of Attorney and Declaration of Representative Form 2848, the scope of the designated agent's authority is Specific, because the agent has authority to perform specified acts only. General, because the agent has the authority to transact all business for the prinicpal. Special, because the agent has authority to perform specified acts only. Ordinary, because the agent's ordinary business is representing individuals in matters concerning state and federal taxes. Under the Idaho State Tax Commission Power of Attorney and the IRS Power of Attorney and Declaration of Representative Form 2848, the scope of the designated agent's authority is Specific, because the agent has authority to perform specified acts only. General, because the agent has the authority to transact all business for the prinicpal. Special, because the agent has authority to perform specified acts only. Ordinary, because the agent's ordinary business is representing individuals in matters concerning state and federal taxes.
Expert Answer:
Answer rating: 100% (QA)
A is the correct answer Special because the agent has authority to perform specified acts on... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Define and differentiate between a general power of attorney and an enduring (continuing) power of attorney.
-
. Use the binomial tree to calculate the price of the following American put option: So = 47.2, K = 50, r = 10%, q = 0, o = 20%, T = 1/6, and At = 1/12.
-
An insurance company employs agents on a commission basis. It claims that in their first-year agents will earn a mean commission of at least $40,000 and that the population standard deviation is no...
-
Write a memo to an employee whose work and behavior have been unsatisfactory. (You are the department manager.) Try to motivate the employee to improve his performance. Be brief, direct, honestand as...
-
Which learning approach, the behavioral approach or Bandura's social learning theory, do you find more appropriate for people?
-
What does it mean to conform to a requirement?
-
Presented here are the amounts of Assets, Liabilities, Stockholders Equity, Revenues, and Expenses of The Better Body, Inc., at December 31, 2010. The items are listed in alphabetical order. The...
-
Calculating Annuity Values you are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street sweeper accident. In the trial, doctors testified that it will be five...
-
Companies that operate in different industries may have very different financial ratio values. These differences may grow even wider when we compare companies located in different countries. (Click...
-
The Adjusted Trial Balance columns of a 10-column work sheet for Webber Co. follow. Complete the work sheet by extending the account balances into the appropriate financial statement columns and by...
-
185. The figure below shows steps A, B & C of replication of retrovirus. Select the option giving correct identification Retrovirus Viral RNA core Virus infects Viral protein normal cell coat Plasma...
-
Name three reasons why businesses distribute electronic reports as PDFs.
-
Explain how reviewing feedback helps you improve your communication strategy.
-
How can you organize a routine announcement to make it easy to skim?
-
A letter report is a hybrid between a regular business letter and a formal report. What features does a letter report share with a business letter? What features does it share with a formal report?
-
This chapter explains one reason you might choose to make a request in person rather than by email: It may be more difficult for your audience to refuse the request. What are other reasons you may...
-
Explain the importance of Sustainability & Energy Conservation in the lodging industry. Explain how to reduce your hotel's carbon footprint and how hotels can improve their energy efficiency.
-
Why do markets typically lead to an efficient outcome for buyers and sellers?
-
Define and describe an amortization schedule.
-
With respect to taxes, what is deemed to have happened to your assets when you die?
-
Describe four other options, or endorsements, that can be added to an auto insurance policy.
-
A wheel of radius \(r\) rolls on a flat surface without slipping. Determine the angular motion of the wheel in terms of the linear motion of its center \(O\). Also determine the acceleration of a...
-
The right-angle bar rotates clockwise with an angular velocity which is decreasing at the rate of \(4 \mathrm{rad} / \mathrm{s}^{2}\). Write the vector expressions for the velocity and acceleration...
-
The load \(L\) is being hoisted by the pulley-and-cable arrangement shown. Each cable is wrapped securely around its respective pulley so it does not slip. The two pulleys to which \(L\) is attached...
Study smarter with the SolutionInn App