990 E-file: Elections - Using the Application

The application provides several methods for entering federal tax elections. Each method for entering elections can be completed in Organizer > Federal Tax Elections.

Predefined Elections

Many elections are included in the Organizer where you can simply choose those that may be applicable to the return. These elections are included in the XML file using the General Dependency schema. For example, the IRC §441 election is found in Organizer > Federal Tax Elections > Predefined Elections > Code Section 441.

Account-defined Elections

You have the ability to set up your own elections in the Tax Defaults. These elections are displayed within Organizer > Federal Tax Elections > Account Defined Elections when you open your return. You can then select those elections that might apply to this return. Modifications can be made to these elections, but Account Defined elections cannot be added within the return.

Preparer-defined Elections

You can add your own return-specific elections using the Preparer-Defined Elections screen by entering a new Short Description. These elections are included in the XML File using the General Dependency schema.

For any other elections that are not included in one of the above categories, use Return Footnotes.

E-file/990_ef_elections_3.htm/TY2020

Last Modified: 02/17/2020

Last System Build: 09/13/2021