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Form 8288-A Arizona: What You Should Know

Dec 7, 2024 — As stated above, under the Arizona law, the Power of Attorney (POA) is used to sign, acknowledge, and sign documents in Arizona. The signed POA is a legal representation that the principal is in full or substantial control of and aware of all the matters that the principal is signing, all the materials and facts of which the principal is aware, and all the decisions that are being made in connection with the execution of the Power of Attorney. A POA or power of attorney allows for the delegation of the principal's powers and duties by another person to another party. Arizona's law has a special provision that permits, but does not require, a Principal (in his capacity as an Arizona resident) to sign without a POA when he has determined on reasonable grounds that it is necessary for the Principal to sign the Power of Attorney for someone outside the Principal's family. However, in the event that the Principal fails to make a determination on reasonable grounds concerning the need to sign the Power of Attorney, the principal has a duty to consult with Arizona law enforcement officials and obtain their direction (if appropriate) to sign the POA. The principal has until the end of the business day the following next week to exercise that duty, to the extent that it conflicts with any other obligations (such as the Principal's other legal and fiduciary obligations).  Therefore, you are urged not to sign the Power of Attorney, or other Power of Attorney for the benefit of someone other than your spouse upon the expiration of the business day preceding that date, as the signing of the Power of Attorney in excess of that date, might create conflicts, and as the signing of the Power of Attorney does not create a new legal relationship for each person involved. Form 8332 For Arizona Residents, Form 8332 (Rev. 2/2018) — IRS. This form is required of Arizona residents to indicate whether they believe they are in full or substantial control of all transactions, dealings, and decisions of each person or entity, involving one or more of the following: The transfer (sale) or licensing of a business. The purchase, sale, lease, or contract to purchase of an interest in or the interest in a partnership or S-Corporation. The acquisition or ownership of a motor vehicle or any other motor vehicle or property for use or use in connection with the business. The making of any payments for goods, services or property purchased or incurred by or on behalf of the business.

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