Electronic funds withdrawal (EFW) data entry for an extension payment
Enter the following information for an electronic funds withdrawal (EFW) with an extension.
Calculate extension
- Go to the Pmt screen in the Payments folder.
- UltraTax CS calculates the total tax liability and balance due on extension based on the information in the return so far. If you don't want to complete the data entry for the client now, you can manually enter the total tax liability and the amount you want to pay with the extension in theEstimate of total tax liability (Force)andBalance due on extension (Force)fields, respectively.
Telephone number
: Go to the 1065 screen in the General folder and enter the Telephone number
in the Partnership Information section.Bank information
: Go to the Bank screen in the General folder and enter the bank information.Requested payment date
: You need to specify a date to withdraw the payment. While the IRS won't withdraw the payment before the requested date, they may withdraw it after.- Go to the ELF screen in the Electronic Filing folder.
- In the Extension information section, enter the withdrawal date in theElectronic funds withdrawal for extension requested payment datefield.
E-filing information
: Electronic funds withdrawal is only available for returns filed electronically.- Go to the ELF screen in the Electronic Filing folder and mark theFile extension electronicallyfield.
- Before transmitting the extension to the IRS, selectView,Diagnostics, then theELF Criticaltab and clear all ELF Critical diagnostics.
