Triva isn't available right now.
Check out the support page for our phone number and hours
Screen MABank - Massachusetts Direct Deposit, Electronic Funds Withdrawal (1040)
Show all hidden content
Overview
Use this screen to enter direct deposit and electronic funds withdrawal information for the tax return and extension. Direct deposit is available when filing electronically or on paper. Electronic funds withdrawal is available only when filing electronically. A balance due extension filed electronically must include an electronic funds withdrawal.
Direct Deposit and Electronic Funds Withdrawal
Use this section to indicate the Massachusetts option for direct deposit and electronic funds withdrawal (direct debit). Massachusetts Form 1 and Form 1-NR/PY shows details of the requested deposit. The Massachusetts Electronic Funds Withdrawal Report shows the details of requested withdrawal. Direct deposit is available when filing electronically or on paper. Electronic funds withdrawal for the return is available only when filing electronically.
Suppress direct deposit of refund
UltraTax CS automatically chooses direct deposit for the Massachusetts return refund when account information is entered. Enter
X
if you do not 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 federal RAL Screen.
Enable electronic funds withdrawal for a balance due return (For electronic filing only)
Use this field to request an electronic withdrawal of funds for a balance due return. If this field is not enabled, no withdrawal will occur.
note
Extension balance due amounts are withdrawn from the account indicated on the same day that electronic acceptance of the extension is processed.
Date of withdrawal (If filed after the original due date, enter the date the return is e-filed)
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 are not uncommon.
note
If filing
after
the original due date, enter the date that the return is filed electronically. Massachusetts DOR will not process
returns that are filed electronically after the original due date if the direct debit authorization date is later than the filing / processing date.Amount of withdrawal if other than balance due on return
The amount of withdrawal defaults to the total amount due with the return. Use this field to request a different amount.
UltraTax/1040-MA ignores any amount entered in this field when calculating an electronic extension.
Estimate Payment Electronic Funds Withdrawal
Use this section to designate estimated payments electronic funds withdrawal for electronically filed returns.
Electronically withdraw all estimate payments
Electronic funds withdrawal of estimates is available for electronically filed returns only. Direct deposit or direct debit of balance due is not 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 Massachusetts 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 Massachusetts 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 (The withdrawal equals the balance due on extension)
Use this field to request an electronic withdrawal of funds for a balance due extension. If this field is not enabled, no withdrawal will occur. A balance due extension filed electronically must include an electronic funds withdrawal.
Date of withdrawal (If other than the original due date of the return)
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.
The actual transfer of funds may occur on or after the requested date. Delays of several days are not uncommon.
Account Information
The primary account information entered in federal Bank Screen transfers automatically. A different account may be entered for the Massachusetts return. It is recommended that the routing transit number and account number be verified annually with the taxpayer.
To prevent unintended IRA premature withdrawal penalties or excess contributions, account information does not transfer from federal Bank Screen for an IRA. If a deposit to an IRA is intended, enter that account information in this screen. An IRA cannot be selected for electronic funds withdrawal.
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 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.
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 will not 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 will not be used. Select the type of account from the drop-down list.
An IRA account type cannot 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 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.