1120-US ELF: Error Code FPYMT-034-01

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MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.

Error Code FPYMT-034-01:  "Payment Amount" in the "IRS Payment" [IRS Payment] must not be greater than 200% of Form 1120, Line 34, but cannot be greater than 99,999,999.

If the payment amount is greater than two times the amount on Form 1120, line 34 or greater than 99,999,999, the amount due must be paid by electronic funds transfer (EFT).  This can happen when the penalty amount is greater than 100% of the amount due on Form 1120, line 34.  To resolve this error go to Screen ELF in the Electronic Filing folder and remove the date in the Electronic funds withdrawal for balance due returns: Requested payment date (Mandatory if using the electronic funds withdrawal method) field.  Select an EFT option on Screen Letter in the General folder, EFT options used in filing instructions: Corporate filing instruction field.

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