Screen ORLTDBnk - Lane County Direct Deposit, Electronic Funds Withdrawal (1040)

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Electronic Funds Withdrawal

Use this section to enable the electronic funds withdrawal of a balance due return.
note
Once an electronic return is transmitted, electronic funds withdrawal request cannot be added, modified, or canceled. The routing transit number and account number should be verified annually.
Enable electronic funds withdrawal for a balance due return
Use this field to request an electronic withdrawal of funds for a balance due return. If not enabled, no withdrawal will occur.
Date of withdrawal if not due date of return
When filing on or before the original due date of the return, the requested date of withdrawal defaults to the original due date. Use this field to provide a requested withdrawal date if different from the original due date.
When filing after the original due date, enter the anticipated filing date here. The taxing authority will initiate a withdrawal when the return has completed processing.
When filed on or before the original return due date, the taxing authority cannot initiate a funds transfer prior to the requested withdrawal date. The actual transfer of funds may occur on or after the requested date. Delays of several days are not uncommon.

Account Information

Enter the account information for the Lane County return. It is recommended that the routing transit number and account number be verified annually with the taxpayer.
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 and local agencies cannot process an IAT, UltraTax CS suppresses the direct deposit when this field is marked. This suppression is noted in the diagnostic messages and the account information is omitted from forms and client documents.

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