My aunt has a power of attorney for her boyfriend while hes out of country o business. She has done his taxes and wants to put the money in a bank account can she do that with a P.O.A?
2007-01-31 08:20:29 · 3 answers · asked by qtbabe010 1 in Business & Finance ➔ Personal Finance
My aunt has a power of attorney for her boyfriend while hes out of country o business. She has done his taxes and wants to use the money to open a bank account can she do that with a P.O.A?
2007-02-01 11:20:18 · update #1
but there is no account yet she needs to open it
2007-02-01 11:20:52 · update #2
The P.O.A. is not needed to put the money in the boyfriend account. If she wish to cash the check, the P.O.A. and a letter notarized by the boyfriend would be needed.
2007-01-31 08:26:00 · answer #1 · answered by whatevit 5 · 0⤊ 0⤋
I can't imagine any POA that would not allow that.
Furthermore, if the bank account is already open and the tax return has not yet been filed, she can have the refund direct deposited by the IRS.
2007-01-31 08:29:10 · answer #2 · answered by r_kav 4 · 0⤊ 0⤋
She can deposit money in anyone's account w/o a power of attorney. The POA can be used if she has to sign financial/legal documents for him (such as for the sale of property)
2007-01-31 08:28:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋