Screen TNBank - Tennessee Electronic Funds Withdrawal (1040)

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Overview

Use this screen to enter electronic funds withdrawal information for the individual Form 250. Direct withdrawal is available only when filing electronically. Payments are required to be made electronically, either with the electronic return or online for all payments made when a return is filed electronically.
note
Once an electronic return is accepted, an electronic funds withdrawal request cannot be added, modified or canceled electronically. The routing transit number and account number should be verified prior to transmission. Contact Tennessee to modify electronic transactions in an accepted return.
note
Forms 250 and 251 for franchise, excise tax returns are not acceptable for electronic filing.

Electronic Funds Withdrawal

Enable electronic funds withdrawal for balance due / ... / Withdrawal date (Force)
Enter
X
to enable electronic withdrawal of funds for a balance due return. If blank, no withdrawal will occur. The withdrawal date defaults to the original due date of the return if no date is entered.
Enable electronic fund withdrawal for extension / ... / Withdrawal date
Enter
X
to enable electronic withdrawal for an extension return. Electronically filed extensions require the balance due to be paid by electronic withdrawal. If blank, no extension electronic file is created.
Electronic funds withdrawal for amended balance due returns: Requested payment date
Enter a date of withdrawal to enable electronic funds withdrawal of a balance due on an electronically filed amended return.

Account Information

The primary account information entered in federal Bank Screen transfers to this screen. A different account may be entered for the Tennessee return. It is recommended that the routing transit number and account number be verified annually with the taxpayer.
Account information does not transfer from federal Bank Screen when the account type is IRA. An IRA cannot be used for electronic funds withdrawal.
Routing transit number
Data entry in this field is required in order to consider the account information complete for UltraTax/1040-TN processing. If this field is left blank, the account will not be used. The routing transit number must 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 identify the account.
Account number
Data entry in this field is required in order to consider the account information complete for UltraTax/1040-TN processing. If this field is left blank, the account will not be used. The account number may include only numbers 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-TN processing. If this field is left blank, the account will not be used.
Non-US financial institution (International ACH transaction)
Federal regulations affect 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 cannot 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 will need to support in future years so the return will indicate that an IAT was requested.

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