User's Manual - Drake Software

Drake Software User’s Manual
Electronic Payment Options
tion of the EPAY screen. The client letter will then reference the amount that will be
charged to the credit card, and the card’s last four digits.
NOTE
A website, www.integratedfileandpay.com/status, is available for checking
payment statuses. See the EPAY screen help for more details.
Electronic Funds Withdrawal (Direct Debit)
Screen code: PMT
Use the PMT screen, accessible from the General tab, to indicate that the balance due
funds are to be electronically withdrawn (direct-debited) from the taxpayer’s account.
Program
Defaults and
Overrides
Required
Information
By default, the program indicates that the entire balance due (the “Amount You Owe”
section of Form 1040) is to be electronically withdrawn on the return due date, unless
otherwise indicated using the override fields for each account entered. (See Federal
override fields in Figure 5-51.) If the return is e-filed on or before April 15, the
requested payment date cannot be later than April 15. If the return is transmitted after
April 15, the requested payment date cannot be later than the current date.
A Withdrawal selection (item 1 in Figure 5-51) is required if the program is to direct
tax authorities to electronically withdraw funds from the taxpayer’s account.
Figure 5-51: Required fields on PMT screen: withdrawal selection (1);
account information (2); specified return (3)
The name of the financial institution, the bank’s routing number (RTN), the client’s
account number, and the type of account (checking or savings) are required. As with
the DD screen, the RTN, Account number, and Type of account must be entered
twice (item 2 in Figure 5-51).
Finally, the PMT screen must indicate the return to which the payment data applies
(item 3 in Figure 5-51). Mark the box of the applicable return type.
Withdrawal
from Multiple
Accounts
Neither state nor federal balances can be paid by direct debit of funds from more than
one account. To have a state balance due electronically withdrawn from an account
other than the account indicated for federal, complete the fields in the Account #2 sec-
Tax Year 2012 161