Cancel or change Electronic Funds Withdrawal

Show expandable text

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

I need to cancel, change, or void the Electronic Funds Withdrawal (EFW) information included with my client's return, how can I do this?

Answer

Once a return or extension has been submitted and accepted by the IRS or the state taxing agency, EFW information included with the original filing cannot be modified after it has been transmitted. This includes the filing of amended or superseding returns.

When amended or superseding returns are filed, the taxing agencies will NOT consider the new EFW information a replacement of the original but will instead consider it a second payment. This may result in the amounts being withdrawn from the account twice. This includes requests sent with the extension and new requests/information sent with the return (when the Electronic funds withdrawal for estimated tax by quarter field has code 2 in the 1st, 2nd, 3rd, or 4th fields, do not change to code 1 for those same estimated tax payments). 

If the bank account or EFW amounts need to be changed, you must cancel the payment and choose another payment method. For information about canceling payment, see the Cancellation, Errors and Questions section of the Pay Taxes by Electronic Funds Withdrawal page of the IRS website.

Once you have successfully changed EFW information with the IRS, be sure to update UltraTax CS with the changes so the correct information proformas to the next year.

Related topic

1040-US: Estimate payments amounts have changed after the return was submitted with electronic funds withdrawal information

Was this article helpful?

Thank you for the feedback!