New (tax) year, new help!
Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.
Question
My client set up electronic funds withdrawal for estimated tax payments with their tax return. The estimate amounts have been revised. How can I change the direct debit amount?
Answer
The IRS accepts EFW payments only when you submit with the electronically filed tax return or extension. Amended returns that you electronically file do not allow EFW for estimate payments at this time.
If the bank account or estimate amounts change, you must cancel the payment and choose another payment method. For information about cancelling the payment, see the Cancellation, Errors and Questions section of the Pay Taxes by Electronic Funds Withdrawal page.
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