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Screen MJCBank - Michigan Cities Direct Deposit, Electronic Funds Withdrawal (1040)
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Overview
Use this screen to control direct deposit and electronic funds withdrawal.
Direct deposit and electronic funds withdrawal
Use this section to direct deposit a refund or electronically withdraw a balance due.
Direct deposit is available for Battle Creek, Benton Harbor, Big Rapids, Flint, Grand Rapids, Ionia, Jackson, Lansing, Lapeer, Muskegon, Pontiac, Portland, Saginaw, Springfield, and Walker.
Electronic funds withdrawals are available for Battle Creek, Benton Harbor, East Lansing, Grand Rapids, Ionia, Lansing, Lapeer, Muskegon, Pontiac, Portland, Saginaw, Springfield, and Walker.
Suppress direct deposit of refund
UltraTax CS automatically chooses direct deposit for the Michigan City return refund when financial institution information has been entered in the federal screen Bank. Enter
X
if you don’t want to deposit the city refund directly into the client's account.Enable electronic funds withdrawal for a balance due return
Mark this box to enable electronic funds withdrawal. The taxing agency debits the account upon acceptance of the return.
Account information
Routing transit number/... / Type of account (If IRA, deposit only, where city allows)
UltraTax/1040-MI Cities automatically use the financial institution information entered in the federal screen Bank for direct deposit. To select a different account for the Michigan city refund transaction, enter the financial institution information in this field.
Routing transit number
, Depositor account number
, and Type of account (If IRA, deposit only, where city allows)
fields must all be completed.