The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
002
:
AUTHORITY
(Cite as: 14 V.S.A. § 4046)
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§ 4046. 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 § 2032A, 26 U.S.C. § 2032A, as amended; closing agreements; and any power of attorney required by the Internal
Revenue Service or other taxing authority, including an internal revenue service form
2848 in favor of any third party 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; and
(4) act for the principal in all tax matters for all periods before the Internal Revenue
Service, or other taxing authority. (Added 2023, No. 60, § 1, eff. July 1, 2023.)