Elections & Compliance Statements is designed to ensure, with minimum time and effort, that:

• Any statement or election required by the IRS for completing a transaction for tax purposes is not missed
• Any rule or rules affecting how the drafting of a statement are clearly understood through explanations that cite and link to controlling authorities
• Any statement or election document can be filled in and assembled electronically using a document assembly program included with ECS

Beyond the tax solutions and answers, this product gives practitioners guidance and action resolution when a taxpayer must file or submit information to preserve a tax status or achieve a tax objective.

Conversely, understanding how a statement or election fits within the broader context of a tax transaction from a tax research and/or planning perspective could be as valuable to the practitioner as completing the transaction.

• Every Election has a cross-reference table to the relevant Code Section
• Every Election and Compliance statement has cross-references and links back to relevant paragraphs in the user's RIA federal tax research service analysis
• Every Election and Compliance statement has cross references and links back to primary source materials, including Code and regulations