2023 New York Laws
GOB - General Obligations
Article 5 - Creation, Definition and Enforcement of Contractual Obligations
Title 15 - Statutory Short Form and Other Powers of Attorney for Financial and Estate Planning
5-1502M - Construction--Tax Matters.

§ 5-1502M.  Construction--tax matters. In a statutory short form power
  of attorney, the language conferring general authority with  respect  to
  "tax  matters",  must be construed to mean that the principal authorizes
  the agent:
1. To prepare, sign, and  file  federal,  state,  local,  and  foreign
  income,  gift, payroll, federal insurance contributions act returns, 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  United  States Internal Revenue Code Section 2032A or
  cognate provisions of any successor statute),  closing  agreements,  and
  any  power  of attorney required by the federal internal revenue service
  or other taxing authority with respect to a  tax  year  upon  which  the
  statute  of  limitations has not run and with respect to the tax year in
  which the power of  attorney  was  executed  and  with  respect  to  any
  subsequent tax year;
2. To pay taxes due, collect refunds, post bonds, receive confidential
  information,  and  contest  deficiencies determined by the United States
  Internal Revenue Service or other taxing authority;
3. To exercise any election available to the principal under  federal,
  state, local, or foreign tax law; and
4.  To  represent  the  principal,  or  to designate another person to
  represent the principal, in all tax matters for all tax  periods  before
  the  United  States  Internal  Revenue  Service  and  any  other  taxing
  authority.
The powers explicitly authorized in the  provisions  of  this  section
  shall  not  be  construed  to diminish any like powers authorized in any
  other section of  this  title,  such  as,  but  not  limited  to,  those
  authorized   in   subdivision  9  of  section  5-1502I  of  this  title.
  Accordingly, such powers as are authorized in any other section of  this
  title  shall  be  construed  as if the provisions of this section do not
  exist.