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Payments and refunds

Electronic funds withdrawal (EFW) for estimated payments

EFW is available for estimated tax payments filed only with the original electronic return. It isn't available for e-filed amended returns. The following information is required for EFW with estimated tax payments.
You can't select a date for estimated payments to be withdrawn. The dates are determined by the IRS for each quarter. Therefore, there's no place to enter a requested payment date for EFW for estimated payments.

Calculate estimates

  1. Go to the
    Est
     screen in the
    Payments
     folder.
  2. Enter a code in the
    1040-ES - 2023 declaration
     field.
  3. Depending on the code you select, there might be more data entry required in the fields below the code. Fields are labeled with the code number they apply to.
  4. If you have an overpayment you want to apply to the estimates, fill out the
    2022 Overpayment application
     section of this screen.
  5. Enter any 2022 payment information in the
    2022 Federal Payments
     section. Amounts you enter here can affect estimate amounts.

Enter a daytime telephone number

Go to the
Gen
 screen in the
General
 folder and complete the
Daytime telephone/ext number
 in the
Taxpayer information
 section.

Complete bank information

  1. Go to the
    Bank
     screen in the
    General
     folder and enter the bank information. If the fields aren't available, delete the code in the
    Taxpayer verified all bank info by
     field.
  2. Have the taxpayer verify their bank information and enter the code for the verification method. The IRS Security Summit requires the taxpayer to confirm the bank information every year in writing and that you retain the confirmation for your records. You can use the
    Bank Account Verification
     worksheet in UltraTax CS to do this. First verify that the worksheet is set to print. You can send this to your client using the organizer, eSignature, by email, or on paper.
note
You can't use multiple bank accounts for EFW.

Turn on EFW

  1. Go to the
    ELF
     screen in the
    Electronic Filing
     folder.
  2. Go to the
    Electronic funds withdrawal for extensions requested payment date
     field. For each quarter you want to pay using EFW, select whether you want to send the request with the return or the extension.

Enter e-filing information

Electronic funds withdrawal is only available if you're electronically filing the extension.
  1. Go to the
    ELF
     screen in the
    Electronic Filing
     folder and use the
    File extension electronically
     dropdown list to select the extension form you're using.
  2. Before you transmit the extension to the IRS, go to
    View
    ,
    Diagnostics
    ,
    ELF Critical
     tab and clear all
    ELF Critical
     diagnostics. If you want to verify that your EFW request is correct before you transmit the return, you need to either clear all
    ELF Critical
     diagnostics, or go to
    Setup
    ,
    1040 Individual
    ,
    Federal
     tab,
    Other Return Options
     button,
    Client Documents
     tab, then select
    Print e-file filing instructions even when e-file critical diagnostics exist
    .

This article applies to:

  • Product: UltraTax CS
  • Return type: 1040 Individual

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