Screen NHBTBank - New Hampshire Business Electronic Funds Withdrawal (1040)

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Overview

Use this screen to enter electronic funds withdrawal information for the tax return. Electronic funds withdrawal is available only when filing electronically.
New Hampshire Department of Revenue Administration doesn't support direct deposit of refund.

Electronic Funds Withdrawal

Use this section to indicate the New Hampshire option for electronic funds withdrawal (direct debit). The New Hampshire Electronic Funds Withdrawal Report shows the details of requested withdrawal. Electronic funds withdrawal for the return is available only when filing electronically.
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. New Hampshire will withdraw the balance due when the e-file is processed.
Amount of withdrawal
The amount of withdrawal defaults to the total amount due with the return. Use this field to request a different amount.
note
New Hampshire enables electronic funds withdrawals that are equal to or less than the balance due on the return.

Account Information

The primary account information entered in the federal
Bank
screen doesn't transfer to this screen. It's recommended that the routing transit number and account number be verified annually with the taxpayer.
An IRA can't be selected for electronic funds withdrawal.
Name of financial institution
This field is used in filing instructions and forms to help identity the account.
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 won't be 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.
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 won't be 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 won't be used. Select the type of account from the dropdown list.
An IRA account type can't be selected for electronic funds withdrawal.
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 marked. 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 will indicate that an IAT was requested.

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