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Verify electronic funds withdrawal information for a return filed electronically

When you file a return electronically, you can have the balance due on the return direct debited from the client's bank account by using electronic funds withdrawal (EFW). You can't designate EFW on a paper return in UltraTax CS. For more information regarding EFW, visit the IRS website.
note
The requested payment date for EFW is the earliest date that the taxing agency can debit the bank account. It's not always the date when the funds are debited.
Use the following options to verify the designation of EFW for a balance due return. These apply to extensions as well.

Review the filing instructions for the return before creating the electronic file

By default, when you set up a client for EFW, the filing instructions will print text explaining that you have authorized the taxing agency to withdraw the payment amount.

Review the status of the EFW column in the Electronic Filing Status window

Follow these steps to view the EFW column in the Electronic Filing Status window.
  1. Select
    Utilities
    , then
    Electronic Filing Status
    .
  2. Select Column preferences or use Ctrl + E.
  3. Find
    EFW
     in the
    Column Title
     column and change the
    Display
     to
    Primary
    .
  4. Select
    Done
    .
Clients set up for electronic funds withdrawal will have
X
 in the EFW column of the Electronic Filing Status window.

View the electronic file in the Electronic Filing Status window

Follow these steps to view the content of the electronic file before and after transmitting to the taxing agency.
  1. Select
    Utilities
    , then
    Electronic Filing Status
    .
  2. Find the client In the Electronic Filing Status window.
  3. Select View next to a client in the status list to open the electronic file.
    note
    The electronic file for most applications is in XML format and may not open if the XML file extension isn't related with a reader, such as Internet Explorer.
  4. In the electronic file, find the
    IRSPayment
     record by using Ctrl + F and searching for
    IRSPayment
    .
Internal use only
Support: You can verify if an EFW request was made by looking at the status of the return on Connect. Under the SubID you will see "Electronic Funds Withdrawal: Payment Request Received" when EFW info is included with the return.

This article applies to:

  • Product: UltraTax CS
  • Return type: 1040 Individual

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