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Screen HIBank - Hawaii Direct Deposit, Electronic Funds Withdrawal (1040)

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Overview

Use this screen to enter direct deposit and electronic funds withdrawal information for the tax return. Direct deposit is available when filing electronically or on paper. Electronic funds withdrawal is only available when filing electronically. The taxing agency doesn't support electronic funds withdrawal for estimates and extensions.

Direct Deposit and Electronic Funds Withdrawal

Suppress direct deposit of Hawaii refund
UltraTax CS automatically selects direct deposit for the Hawaii return refund when account information is entered. Enter
X
 if you don't want to deposit the state refund directly into the client's account.
Use Refund Advantage / EPS Financial for refund deposit
Use this field to have the client's refund, less the fees, deposited with Refund Advantage / EPS Financial. This field is available only when filing electronically and a bank product is selected in the federal
RAL
screen.
Enable electronic funds withdrawal for a balance due return
Use this field to request an electronic withdrawal of funds for a balance due return. If this field isn't enabled, no withdrawal will occur. Hawaii will withdraw the balance due as soon as the e-file is processed.
Joint Account / Name on account different than the taxpayer
For direct debit, payments may be taken from a joint account, single account, or an account other than the taxpayer's. UltraTax CS uses the taxpayers name on the return. Use these fields to indicate the account is jointly owned or if someone other than the taxpayer is paying for the balance due on the return. If a person other than the taxpayer is paying the balance due, enter that person's bank information in the
Account Information
 section of this screen.

Account Information

The primary account information entered in the federal
Bank
 screen transfers automatically. A different account may be entered for the Hawaii return. It is recommended that the routing transit number and account number be verified annually with the taxpayer.
To prevent unintended IRA excess contributions, account information doesn't transfer from the federal
Bank
 screen for an IRA. If a deposit to an IRA is intended, enter that account information in this screen.
Routing transit number
Data entry in this field is required in order to consider the account information complete for UltraTax/1040 processing. If this field is left blank, the account isn't used. The routing transit number will need to be nine digits with the first two digits within the range of 01-12 or 21-32.
Name of financial institution
This field is used in filing instructions and forms to help identify the account.
Depositor account number
Data entry in this field is required in order to consider the account information complete for UltraTax/1040 processing. If this field is left blank, the account isn't used. The account number may include digits and letters. Omit spaces, hyphens, and other special characters.
Type of account
Data entry in this field is required in order to consider the account information complete for UltraTax/1040 processing. If this field is left blank, the account isn't used. Select the type of account from the dropdown list.
Non-US financial institution (International ACH transaction)
There are regulations affecting international electronic funds transfers processed though the automated clearing house (ACH) network. A domestic ACH transaction is a direct deposit to or withdrawal from an account in a U.S. financial institution. An international ACH transaction (IAT) is a direct deposit to an account in a U.S. bank that automatically forwards the refund to an account in a foreign financial institution, or a withdrawal from a U.S. bank account that receives the funds for that transaction from a foreign account. The account owner will know when an international transfer account has been established for them.
Enter
X
 if the account identified is used for an IAT. Because state agencies can't process an IAT, UltraTax CS suppresses the direct deposit or electronic funds withdrawal when this field is selected. This suppression is noted in the diagnostic messages and the account information is omitted from forms, client documents, and electronic returns. State agencies are tallying how many international transactions they’ll need to support in future years so the return indicates that an IAT was requested.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual
  • State: Hawaii

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