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Electronic funds withdrawal

For electronically filed returns, extensions, and estimates, certain state taxing agencies allow taxpayers to pay balances due via electronic funds withdrawal (EFW).
If a state allows electronic filing for extensions or estimates, they generally allow electronic funds withdrawal requests.
Data entry
To ensure the debit of an electronic funds withdrawal request is successful, you'll need to enter the following:
  1. In the federal
    Electronic Filing
     folder, select the
    ELF
     tab and enter
    X
     in the
    File the return electronically
     field.
  2. In the federal
    General
     folder, enter the telephone number for the return as follows:
    • For an 1120, use the
      Client phone number field
       in the 1120 and 1120S Information section.
    • For a 1065, use the
      Telephone number
       field in the Partnership Information section.
  3. In the federal
    General
     folder, select the
    Bank
     tab and enter the bank information.
    important
    UltraTax CS considers the bank information you enter in the federal input screens as the primary account and will use that information for all returns attached to the client. If you don’t want to enter bank information for the federal return, or you want to enter different bank information for the state, use the
    Bank
     screen in the state input screens in the next step.
  4. In the
    General
     folder of the state input screens, select the
    Bank
     tab and make sure the bank information is correct.
  5. For returns and extensions:
    • Returns and extensions:
      • If you would like the date of withdrawal to happen before the due date of the return, specify a date in the
        Requested payment date
         field of the ELF screen in the state Electronic Filing folder prior to the due date.
      • If you are filing a return after the original deadline, the date you enter can't be after the date you transmit the return to the agency.
    • Estimates:
      • For each quarter that you authorize EFW, UltraTax CS enters the standard due date for the state. You can adjust the dates for electronic withdrawal in the
        Requested withdrawal date
         fields.
    note
    For an electronic funds withdrawal payment, use the
    Requested payment date
     field.
    • While the taxing agency won’t withdraw the payment before the requested date, they may withdraw it after. Regardless of the date the state actually processes the payment, they’ll consider it timely if you request the withdrawal date and submit the e-file on or before the due date.
    • The state return won’t default to electronically withdraw payments if an EFW request is present on the federal return.
    • Some states allow you to force the amount to be paid with EFW. If you force an amount to be debited, it can't exceed the balance due as shown on the return. An amount that exceeds the balance due will be rendered invalid and won’t be included in the electronic file.
    • State taxing agencies can't process international ACH transactions (IAT). If you indicate the return is a Non-US Financial Institution on the
      Bank
       screen, UltraTax CS suppresses the direct deposit or electronic funds withdrawal.

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