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Filing

File for Electronic Refund Disbursement Service

Thomson Reuters partners with Refund Advantage and EPS Financial to offer Electronic Refund Disbursement Service (DS) and Refund Advance (ADV).
Follow these steps to complete the application to use a Refund Advantage or EPS Financial bank product.
note
You need to apply well in advance of the tax season.
  1. In UltraTax CS, specify if you're participating with Refund Advantage or EPS Financial. To complete this 1-time setup procedure, select
    Setup
    ,
    1040 Individual
    ,
    Bank Products
    , and mark the
    Use Electronic Refund Disbursement Service
     checkbox. Enter any fees in the
    Bank Products
     window. Select
    OK
     in the
    Bank Products
     window and the
    1040 Product Information
     window to save the changes and turn on the
    RAL
     screen.
  2. Select the Electronic Filing folder, then the
    ELF
     screen and enter all tax return information, including all electronic filing information.
  3. Select the
    RAL
     screen tab and complete all information. UltraTax CS uses the information in this screen to complete the application form. Review all diagnostics to make sure you've completed all necessary fields. Mark the
    Type of Electronic Refund Disbursement Service (ERDS)
     field to generate the electronic application form.
  4. In the
    Disbursement method
     field, select a method to disburse the refund to the taxpayer:
    • 1 Check
    • 2 Direct deposit
    • 3 Prepaid debit card
    • 4 Pre-existing FasterMoney prepaid card
  5. If you select
    2 Direct deposit
    , select the
    Bank
     tab in the General folder and enter the taxpayer's bank information in the Part I - Direct Deposit/Electronic Funds Withdrawal Information section. Complete all primary account fields. UltraTax CS transfers that information to the bank application electronic file and paper form.
  6. Create the electronic file. You'll also create the electronic bank application during this process.
  7. Transmit the electronic return using CS Connect. Upon receipt of an accepted acknowledgment from the IRS, Thomson Reuters will forward the relevant information to Refund Advantage or EPS Financial. Direct any extra information about the bank product to Refund Advantage or EPS Financial. They're responsible for any questions regarding the loan application and loan process.

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