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Screen DEBank - Delaware Direct Deposit, Electronic Funds Withdrawal (1040)

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Overview

Use this screen to complete / modify direct deposit and electronic funds withdrawal for electronic filing. If information transferred from UltraTax/1040 does not require additional data or coding, UltraTax/1040-DE only shows the information on the form and not in the input screen.
note
After you transmit an electronic return, you can't add, modify, or cancel an electronic funds withdrawal request. You should verify the routing transit number and account number annually.

Direct Deposit and Electronic Funds Withdrawal

Use this section to specify the Delaware option for direct deposit and electronic funds withdrawal (direct debit). The Delaware return shows details of the requested deposit. The Delaware Electronic Funds Withdrawal (EFW) reports the requested withdrawal details
Suppress direct deposit of refund
UltraTax CS automatically chooses direct deposit for the Delaware return refund when you enter financial institution information in the federal Screen Bank. Enter
X
 if you don't want to deposit the state refund directly into the client’s account.
Use Refund Advantage / EPS for refund deposit
Use this field to have the client’s refund deposited with Refund Advantage / EPS Financial. This field is available only when you file electronically and a bank product is selected in federal Screen RAL. The
Spouse
 field is only used for part year / nonresident split returns.
Enable electronic funds withdrawal for balance due returns
Use this field to request an electronic funds withdrawal for a balance due return. If this isn't enabled, no withdrawal occurs. The
Spouse
 field is only used for part year / nonresident split returns.
Date of withdrawal / Amount of withdrawal
When you file on or before the original due date of the return, the requested amount and date of withdrawal defaults to the balance due shown on the return and original due date. Use these fields to provide a requested withdrawal amount and/or date if different from the original information.
Spouse
 fields are only used for part year / nonresident split returns.
  • When you file after the original due date, enter the anticipated filing date here. The taxing authority initiates a withdrawal after return processing completes.
  • When filed on or before the original return due date, the taxing authority can't initiate a funds transfer prior to the requested withdrawal date. The actual funds transfer might occur on or after the requested date. Delays of several days are not uncommon.

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 you file the extension electronically.
Enable electronic funds withdrawal for extension payment
Use this field to request an electronic funds withdrawal for a balance due return. No withdrawal occurs unles you enable this field.
Date of withdrawal
If you file 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 funds transfer can occur on or after the requested due date. Note that delays of several days aren't uncommon.

Account Information

Name of financial institution / … / Type of account (If IRA, deposit only, where state allows)
UltraTax/1040-DE automatically uses the primary checking or savings account financial institution information entered in the federal Screen Bank for direct deposit or electronic funds withdrawal. To select a different account for the Delaware transaction, enter the financial institution information in these fields. The
Routing transit number
,
Depositor account number
, and
Type of account (If IRA, deposit only, where state allows)
 fields must all be completed.
  • You can only select non-IRA savings or checking accounts for automatic funds withdrawal.
  • To prevent unintentional excess IRA contributions, UltraTax ignores IRA account information transferred from the federal return to the state.
  • Enter the account information on this screen to have refunds deposited to an IRA accounts.
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
 in this field 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 you select this field. This suppression is noted in the diagnostic messages, and the account information is omitted from forms, client documents, and electronic returns. State agencies tally how many international transactions they'll need to support in future years, so the return indicates that you requested an IAT.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual
  • State: Delaware

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