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Set up the application to use bank products for electronic returns
If you enrolled with Refund Advantage or EPS Financial, you'll need to set up the application to use bank products for 1040 electronic returns.
- SelectSetup, then1040 Individual.
- Select theFederaltab in the1040 Product Informationwindow.
- SelectBank Products.
- Mark theUse Electronic Refund Disbursement Servicecheckbox. This enables fields in theRALscreen and lets you designate a bank product for any client.note
- Mark this checkbox to view status information about electronically filed returns that use bank products. Access this information on the UltraTax CS homepage underBank Products.
- You can't enable bank products with 1040 electronic returns on a client-by-client basis.
- When transmitting returns with the Electronic Filing tool, complete the application by using theRALscreen.
- When using a bank product for a state return, select the federal option for Refund Advantage or EPS Financial. SelectUse Refund Advantage/EPS Financial for refund depositon the state'sBankscreen. This applies the federal and state combination for your refund.
- Enter fees in theBank Productswindow.noteEnter a service bureau fee in theService bureau feefield if your firm registers with Refund Advantage or EPS Financial and works through a service bureau.
- SelectValidatein theBank Productswindow to retrieve enrollment information from Refund Advantage or EPS Financial. This includes approved products and the routing transit number (RTN).