Uniontown, OH asked in Tax Law and Banking for Ohio

Q: can you deposit a federal income tax check in your account for someone in Jail if you have their financial poa?

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James L. Arrasmith
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  • Tax Law Lawyer
  • Sacramento, CA

A: If you have a financial power of attorney (POA) for someone who is currently incarcerated, you generally have the authority to manage their financial matters, including depositing checks on their behalf. This includes federal income tax refund checks. However, the specific actions you can take depend on the terms outlined in the POA document, so it’s important to understand the scope of the powers granted to you.

Before depositing the check, make sure the bank is aware of your POA status and has accepted your authority. You may need to provide the bank with a copy of the POA document. Additionally, ensure that the account is appropriately titled to reflect that you are acting as an agent for the account holder.

Keep in mind that all actions taken under the POA should be in the best interest of the principal (the person who granted you the POA). Keep detailed records of all transactions made on their behalf, including depositing their federal income tax check. This is crucial for accountability and for fulfilling your responsibilities as their agent.

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