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Pay estimated tax payments for Form 1040-ES via EFW (1040)

To designate estimated tax payments from Form 1040-ES for next year to be automatically debited from a client's bank account on their electronically filed return or extension, do the following:
note
The IRS allows you to designate one or more estimated tax payments to be withdrawn through an Electronic Funds Withdrawal (EFW) when you electronically file a return or extension.
  1. Open the 1040 client's return.
  2. Open the ELF Screen in the Electronic Filing folder.
  3. Enter
    1
     (Return) or
    2
     (Extension) in the appropriate
    Electronic funds withdrawal for estimated tax
     field for each quarter estimate to be withdrawn.
  4. Open the 1040 Screen in the General folder.
  5. Enter the
    Daytime telephone/ext number
     under Taxpayer Information.
  6. Open the Bank Screen in the General folder.
  7. Enter the
    primary
     bank account information in the Direct Deposit/Electronic Funds Withdrawal Information section.
  8. Review and correct all Critical and ELF Critical diagnostic messages. To do so, press CTRL+D.
    note
    • The IRS will withdraw the funds on the designated due dates for the estimated tax payments selected.
    • Designate EFW only for quarters with estimates due (to prevent an ELF Critical diagnostic message and an E-File Error Report error).

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