Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Payments and refunds

Electronic funds withdrawal (EFW) for balance due amended return

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

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.

Request a payment date

Enter a date for the payment to be withdrawn. The IRS won’t withdraw the payment before the requested date, they may withdraw it after.
  1. Go to the
    ELF
     screen in the
    Electronic Filing
     folder.
  2. Enter a date in the
    Requested payment date
     field. If you're amending the return after the original deadline, the date you enter can't be after the date you transmit the return to the IRS.

Electronic funds withdrawal for Amended Return Form 1040-X

  1. Go to the
    ELF
     screen in the
    Electronic Filing
     folder.
  2. Select the
    Electronic funds withdrawal is for Amended Return (Form 1040-X)
     field.
  3. If you need to force the payment amount, use the
    Amount of tax payment (Force)
     field.

E-filing information

Electronic funds withdrawal is only available for electronically filed amended returns. Before you transmit the return to the IRS, you need to go to
View
,
Diagnostics
, then the
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, then the
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

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close