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Filing

Request an Electronic Fund Disbursement or Refund Service

  1. Complete the return as you would normally, including the electronic filing information in the
    ELF
     screen in the Electronic Filing folder.
  2. Set up the application to use bank products for 1040 electronic returns.
  3. Complete the
    RAL
     screen.
    note
    • The information you enter here will transfer to the application form that prints with the electronic return.
    • These fields won't be available unless you've set up UltraTax CS to use bank products for 1040 electronic returns.
  4. Select the bank product from
    Type of Electronic Refund Disbursement Service (ERDS)
    .
    note
    This generates the Application for the Electronic Refund Account.
  5. Enter any fees in the
    RAL
     screen, including the tax preparation fee, that you want to deduct from the client's loan or refund.
  6. Select the
    Disbursement method
    :
    • 1
       for disbursement via check.
    • 2
       for direct deposit.
    • 3
       for prepaid debit card.
    • 4
       for pre-existing FasterMoney prepaid card.
    note
    If you leave this blank, the disbursement method is designated as follows:
    • To
      prepaid debit card
       method when
      Prepaid debit card envelope number
       in the
      RAL
       screen contains data.
    • To
      direct deposit
       method when the primary bank information is entered in the Part I - Direct Deposit/Electronic Funds Withdrawal Information section in the
      Bank
       screen.
    • To the
      check
       method if neither of the previous conditions are met.
  7. If you're requesting a direct deposit, select the
    Bank
     tab in the General folder and enter the taxpayer's primary bank information in the Part I - Direct Deposit/Electronic Funds Withdrawal Information section.
    note
    You'll need to complete all these fields. This transfers this information to the Bank Application electronic file and the Bank Application paper form. The direct deposit will be transmitted by Refund Advantage to the primary bank account you entered in the Bank screen.
  8. Enter photo identification information in the Identity Verification section of the
    RAL
     screen.
  9. Review all diagnostic messages to make sure that you've completed the required fields.
  10. Create the electronic file.
    note
    The electronic bank product application file is also created at this time.
  11. Transmit the electronic return through CS Connect.
    note
    On receipt of an accepted acknowledgment from the IRS, Thomson Reuters forwards information to Refund Advantage or EPS Financial. At this point, you should direct any questions about the bank product to Refund Advantage or EPS Financial.

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