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Screen PABank - Pennsylvania Direct Deposit, Electronic Funds Withdrawal (1040)
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Overview
Use this section to indicate the Pennsylvania option for direct deposit and electronic funds withdrawal (direct debit). Direct deposit and electronic funds withdrawal for the return are available only when filing electronically and the spouse fields are only used for split returns.
note
Payments of $15,000 or more must be paid electronically. This applies to balance due on returns, Estimates and Extensions. Use the PABank screen to set up an Electronic Funds Withdrawal (EFW) or pay online at mypath.pa.gov.
Direct Deposit and Electronic Funds Withdrawal
Use this section to indicate the Pennsylvania option for direct deposit and electronic funds withdrawal (direct debit). Form PA-8453 shows details of the direct deposit or direct debit. When Form PA-8879 or the Jurat/Disclosure statement is used, the requested withdrawal details are reported in the Pennsylvania Electronic Funds Withdrawal Worksheet.
note
Once an electronic return is transmitted, a direct deposit request can't be added, modified, or canceled. The routing transit number and account number should be verified annually.
Suppress direct deposit of Pennsylvania refund
UltraTax CS automatically chooses direct deposit for the Pennsylvania 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 applicable 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.
Date of withdrawal
If filing on or before the original due date, the date of withdrawal defaults to the original due date. Use this field to request an earlier withdrawal date. If filing after the original due date, enter the anticipated filing date of the return. The taxing agency will initiate a withdrawal request when the return has completed processing.
The actual transfer of funds may occur on or after the requested date. Delays of several days aren't uncommon.
Estimated Payment Electronic Funds Withdrawal
Use this section to designate estimated payments electronic funds withdrawal for electronically filed returns.
Electronically withdraw all taxpayer / joint / all spouse's separate estimate payments
Electronic funds withdrawal of estimates is available for electronically filed returns only. Direct deposit or direct debit of balance due isn't required for direct debit of estimates. Use these fields to indicate each estimate authorized for electronic withdrawal. The estimated payment amount is the calculated amount on the Pennsylvania Estimated Tax Payments Worksheet. Dates may be adjusted by using the
1st - 4th payment: Requested Withdrawal Date
fields. The dates and amounts of withdrawal are included in the electronic file and printed on the Pennsylvania Estimated Tax Payments Worksheet.Extension Payment Electronic Funds Withdrawal
Use this section to enable electronic funds withdrawal (direct debit) for the extension. Electronic funds withdrawal is available only when filing the extension electronically.
Enable electronic funds withdrawal for extension payment
Use this field to request an electronic withdrawal of funds for a balance due return. If not enabled, no withdrawal will occur.
Date of withdrawal
If filing on or before the original due date, the date of withdrawal defaults to the original due date. Use this field to request an earlier due date. The actual transfer of funds may occur on or after the requested due date. Delays of several days aren't uncommon.
Account Information
To prevent unintended IRA premature withdrawal penalties or 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. An IRA can't be selected for electronic funds withdrawal.
Spouse fields are only used for electronically filed split returns.
Name of financial institution
This field is used in filing instructions and forms to help identify 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 must be 9 digits with the first 2 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.529 College Savings Plan
Use this section to enter information to have part or all of the refund deposited into Pennsylvania 529 College Savings Program Accounts.
Contributions
A fieldview is produced in the Account column of the statement window from information entered on each unit of the federal 1099Q screen with a
PA
postal code, 24
in the State use
field and an account number entered. The fieldview will contain the Account number
and Beneficiary's first and last name
as entered on the federal 1099Q screen. If a fieldview item contains the words Invalid Number
, the account number isn't 11 digits long. Enter an 11 digit account number on the federal 1099Q screen for that beneficiary. One account number can be used in both the Taxpayer
or Spouse
statement window, but in either statement don't enter the same account number twice.Enter the amount of the 529 contribution. The contribution is limited to the available refund on the return. When charitable contributions and a 529 contribution are both made on a return, UltraTax CS will apply the available refund first to the 529 contribution and any remaining refund will be applied to the charitable contributions.