Enter the required information in this box to generate the electronic funds withdrawal (direct debit) payment in the electronic file for C Corporation returns, Form K-120. If this box is blank, the application doesn't generate a payment record.
Electronic filing lets electronic filers with a balance due to authorize a direct transfer from their checking or savings account. Using this, electronic filers can file early and set a date for automatic payment if there is a balance due, but not later than the return’s due date. For returns transmitted after the due date, the payment date will need to be the same as the date the return is transmitted or the return will be rejected.