User's Manual - Drake Software

Electronic Payment Options
Drake Software User’s Manual
Multiple
State
Refunds
GA, ME, OH
Refunds
Foreign
Accounts
If the taxpayer receives refunds for more than one state or city return and wants to
deposit refunds into separate accounts, indicate this on the DD screen by choosing a
code from the State/city selection drop list for each account (Figure 5-50 on
page 159). To have the refunds from all eligible state returns deposited into one
account, select A from the State/city selection drop list.
Georgia, Maine, and Ohio have unique requirements for direct deposit. Note the section
near at the bottom of the DD screen if e-filing a return for one of these states.
(State purposes only) To indicate that an account entered is a foreign account, mark
the applicable box in the Foreign Account section at the bottom of the DD screen.
Electronic Payment Options
Electronic payments can be made by credit card, debit card, or electronic funds withdrawal
(“direct debit”).
Pay Balance Due with Credit or Debit Card
Drake offers two options for paying a balance due with a credit or debit card (Master-
Card ® , Visa ® , American Express ® , or Discover ® ):
• Integrated File and Pay (IFP) — The preparer enters the taxpayer’s credit card
information and has the payment authorized prior to e-filing the return. Once the
e-filed return is accepted by the IRS, the debit or credit card is charged.
• Drake e-Payment Center — Taxpayers can use the Drake e-Payment Center,
located at www.1040paytax.com, to pay a balance due by debit or credit card after
the return has been filed.
Using the
EPAY Screen
Use the EPAY screen (accessible from the Miscellaneous tab) to pay a balance due
with IFP. Use this screen after the return is completed but before e-filing it.
IMPORTANT
In order to use IFP, the taxpayer’s first and last name, SSN, full
address, phone number including area code, and e-mail address
must be entered on screen 1.
A return must be e-filed and accepted within 21 days of card
authorization in order to complete the payment transaction. If a
return is not accepted (or is rejected) within 21 days, the authorization
is, in effect, cancelled. Reauthorization would be required.
Screen codes:
EPAY or IFP
On the EPAY screen, indicate the form being e-filed (1040 or 4868 extension), recalculate
the return, then return to the EPAY screen and click the Authorize Credit
Card button. You will be directed to a website where you can enter the taxpayer’s
credit card information and authorize a hold on the card.
To have the client letter refer to the payment method used, enter the credit card type
and the last four digits of the credit card number in Optional Letter Information sec-
160 Tax Year 2012