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Electronic funds withdrawal (EFW) for a balance due return

The following information is required for an electronic funds withdrawal (EFW) with a balance due return.

Complete and verify bank information

  1. Go to the
    Gen
     screen in the
    General
     folder and complete the
    Daytime telephone/ext number
     in the
    Taxpayer information
     section.
  2. 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.
  3. Have the taxpayer verify the 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 keep this 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.

Specify a payment date

You're required to specify a date for the payment to be withdrawn. While the IRS won't withdraw the payment before the requested date, they may withdraw it after that date.
  1. Go to the
    ELF
     screen in the
    Electronic Filing
     folder.
  2. Select the
    Use requested payment date of 4/15/23
     field or enter another date in the
    Requested payment date
     field. If you're filing after the original deadline, the date you enter can't be after the date you transmit the return to the IRS.

EFW for electronically filed returns

Electronic funds withdrawal is only available for electronically filed returns.
  1. Go to the
    ELF
     screen in the
    Electronic Filing
     folder and select
    File this return electronically
    .
  2. Before you transmit the return to the IRS, you need to 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 and 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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