Extension payments-electronic funds withdrawal (EFW)
The State of New Jersey Division of Taxation and UltraTax CS support electronic funds withdrawal of Form 630 extension payment via electronic filing.
Generate an extension payment
Use the
NJExt
screen to generate an extension. Per New Jersey Division of Taxation guidelines, if the extension reflects a payment amount, then the electronic record needs to include authorization for electronic funds withdrawal of the full payment amount on or before the original due date of the return as well as the proper bank information. New Jersey Division of Taxation also accepts extensions filed electronically without a payment amount.Conditions to generate electronic record, signature forms, and filing instructions
To generate the electronic record for extension payment and the related filing instructions, all of the following conditions need to be met before generating the extension payment in
File
then Print Extensions
.Federal ELF screen:
- File the return electronicallyfield is marked
- Suppress the creation of State electronic file(s)field is blank
- Suppress the creation of Both federal and state electronic filesfield is blank
Federal 1040 screen:
- EnterDaytime telephone
NJELF screen:
- Suppress New Jersey e-filefield is blank
NJBank screen:
- Enable electronic funds withdrawal for extension paymentfield is marked
- Date of withdrawalif you want a withdrawal prior to the due date of the return
- Routing transit number
- Name of financial institution
- Depositor account number
- Type of account
Supplemental information
NJExt screen:
Balance due calculation on return will be the amount used unless the
Balance Due on Extension (Force)
field has an amount entered when the Calculate extension
is marked so any partially prepared return, such as a return where some data has been shared into the return creating a balance due, will have an extension fail if a bank transaction isn't authorized for the extension. Use the Balance Due on Extension (Force)
to force to zero when filing an extension without a payment.note
Extensions where the 80% of total tax liability due hasn't been paid by the original due date won't eliminate all penalties.
