Texas Franchise Tax Power of Attorney

Texas Franchise Tax Power of Attorney

I, [YOUR NAME], currently residing at [YOUR ADDRESS], hereby appoint [AGENT'S NAME], located at [AGENCY'S ADDRESS], as my attorney-in-fact to represent me with the Texas Comptroller's office on all matters related to the franchise tax for the period beginning January 1, 2050, till December 31, 2050.

I. Powers Granted

By this instrument, the attorney-in-fact is authorized but not limited to the following powers related to my Texas Franchise Tax obligations:

  1. Representation in Tax Audits: The agent is authorized to represent me before the Texas Comptroller of Public Accounts in any tax audits related to my franchise tax obligations.

  2. Filing Tax Returns: The agent is empowered to prepare and file franchise tax returns on my behalf, ensuring compliance with Texas tax laws and regulations.

  3. Correspondence and Communication: The agent is authorized to receive and respond to all correspondence from the Texas Comptroller of Public Accounts regarding my franchise tax matters, including inquiries, notices, and requests for information.

  4. Tax Planning and Advice: The agent is authorized to provide tax planning strategies and advice to optimize my tax liabilities and ensure compliance with Texas franchise tax laws.

  5. Dispute Resolution: In the event of disputes or disagreements with the Texas Comptroller of Public Accounts regarding franchise tax matters, the agent is authorized to represent my interests and negotiate settlements on my behalf.

II. Effective Date

This Power of Attorney shall be effective from the 1st Day of January 2050 and shall remain in effect until the 31st Day of December 2050, unless earlier revoked by the Principal or terminated by operation of law.

III.Revocation Clause

I reserve the right to revoke this Power of Attorney at any time by providing written notice to [AGENT'S NAME]. The revocation shall be effective upon receipt by the Agent.

IV. Remedy and Penalty Clause

In the event of any breach of this Power of Attorney by the Agent, I reserve all legal rights and remedies available to me under the laws of the State of Texas, including but not limited to seeking damages, injunctive relief, or any other appropriate remedy deemed necessary.

V. Termination Clause

This Power of Attorney shall terminate automatically upon the expiration of the specified period (December 31, 2050), unless earlier revoked by me in writing or terminated by operation of law. Upon termination, the Agent's authority under this Power of Attorney shall cease, and they shall promptly return all documents and information related to my franchise tax matters.


VI. Signatures and Notary

ACKNOWLEDGEMENT OF THE PRINCIPAL

This Power of Attorney shall be effective immediately upon my signature and shall remain valid until my explicit and written revocation.

[YOUR NAME]

[DATE SIGNED]

ACCEPTANCE OF THE AGENT

I, [AGENT'S NAME], acknowledge that I have read and understood the terms and responsibilities outlined in this Power of Attorney document. I accept the appointment as Agent and agree to act under the instructions and limitations provided herein.

[AGENT'S NAME]

[DATE SIGNED]


WITNESS ACKNOWLEDGEMENT

We, the undersigned witnesses, certify that [YOUR NAME] and [AGENT'S NAME] have signed this Power of Attorney in our presence and appear to be of sound mind and understanding.

Witness 1:

[WITNESS 1 NAME]

[DATE SIGNED]

Witness 2:

[WITNESS 2 NAME]

[DATE SIGNED]


NOTARY ACKNOWLEDGEMENT

On this 1st Day of January 2050, before me, a Notary Public in and for said county and state personally appeared [YOUR NAME] and [AGENT'S NAME], known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.

In witness whereof, I have hereunto set my hand and official seal.

[NOTARY PUBLIC'S NAME]

My Commission Expires:                               

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