Use a third-party bank product vendor with UltraTax CS

Use a third-party e-file transmitter to provide third-party bank products

Select, purchase, and install a third-party e-file transmitter software package that integrates with 1 or more bank product companies.
Enter into a contract with 1 of the integrated partner banks to provide bank products to taxpayers.
Purchase a Third-Party e-file Transmitter License for UltraTax CS. To purchase this license, contact your Account Representative at 800.968.8900.
After purchasing the license, update it within UltraTax CS. Open CS Connect, mark the
Retrieve licenses
checkbox, then select
Call now
.
Select
Setup
,
User Preferences
,
Misc
and clear the
Use Thomson Reuters as the ELF transmitter
checkbox.
note
This option doesn't appear until you purchase and install the Third-Party Transmitter License for UltraTax CS.
In the
User Preferences
window, select the
File Locations
tab, then
Other
.
Select
ELF: third-party data
, then
Modify Location
.
Review the third-party transmitter software package's documentation to find the location where the application checks for newly created electronic files.
In the
Modify Location
window, specify the data location found in Step 8, then select
OK
. Select
OK
again to close the
User Preferences
window.

Complete the return in UltraTax CS.
Eliminate all e-file and other diagnostics, review the return, and select
File
, then
Print Returns
to create the electronic file.
At this point, the e-file won't appear within the
CS Connect
window. You'll need to open the third-party transmitter software package to find the e-file.
If the taxpayer is applying for a bank product, complete the application per the vendor's specifications.
Transmit the e-file within the third-party transmitter software package.
Use the third-party software to monitor for and retrieve acknowledgments, and perform other e-file-related actions.

Provide third-party bank products without using a third-party e-file transmitter

Complete and review the taxpayer's tax return, but don't create the electronic file before completing the following steps.
Submit the taxpayer's bank product application using the method specified by the vendor (through its website, for example).
After the completion and acceptance of the application, the vendor will provide a bank account to use in place of the taxpayer's within the electronic file. Make sure to note this account information before proceeding.
Go to the ELF screen in the Electronic Filing folder. In the
Other bank product
field, select
Code 1 (pre-refund (loan) product)
or
Code 2 (post-refund (non-loan) product)
. Loan products include RALs and Quick RALs (terms may vary between vendors) and non-loan products include Electronic Refund Deposits (ERDs) and Electronic Refund Checks (ERCs).
important
This selection alerts to the IRS that the bank account provided in the electronic file isn't the taxpayer's. It won't initiate any sort of loan application process.
Go to the Bank screen in the General folder. Replace the taxpayer's primary bank account information with the bank account and routing number from the vendor in Step 3. This is the vendor's intermediary account where the IRS will deposit the refund.
Eliminate all diagnostic messages, create the electronic file, and transmit it using CS Connect.