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Electronic payments for partnership returns

Electronic funds withdrawal (EFW) data entry for a balance due return

Enter the following information for an electronic funds withdrawal (EFW) with a balance due return.
Telephone number
: Go to the 1065 screen in the General folder and enter the
Telephone number
 in the Partnership Information section.
Bank information
: Go to the Bank screen in the General folder and enter the bank information.
Requested payment date
: You need to specify a date to withdraw the payment. While the IRS won't withdraw the payment before the requested date, they may withdraw it after.
  1. Go to the ELF screen in the Electronic Filing folder.
  2. Enter the date you want the payment withdrawn in the
    Electronic funds withdrawal for amended returns: Requested payment date
     field. If you file after the original deadline, you can't enter a date that falls after the date you transmit the return to the IRS.
E-filing information
: EFW is only available for returns filed electronically.
  1. Go to the ELF screen in the Electronic Filing folder and mark
    File this return electronically
    .
  2. Before transmitting the return to the IRS, select
    View
    ,
    Diagnostics
    , then the
    ELF Critical
     tab and clear all ELF Critical diagnostics.

This article applies to:

  • Product: UltraTax CS
  • Return type: 1065 Partnership
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