Adding Bank Products to Returns

If a client requests a Refund Transfer (check or direct deposit) or 3Fund (check or direct deposit), complete the corresponding form and file it along with the return.

Bank products are only available on 1040, 1040-A, and 1040-EZ returns. Bank products are not available on business returns.

To add a bank product (application) to a return:

1. Open the return.
2. Click the Add Forms button on the toolbar.

The Select Forms Dialog Box appears.

3. In the Find filter box, type bank.
4. Select a bank product.
5. Click the Open Forms button on the toolbar.

3Fund form

Forms vary by provider, so your form may differ from the one pictured above.

6. Complete all of the worksheets for the form.
7. Do one of the following:

• Click the Save button on the toolbar
• Click the Returns menu; then, select Save Return
• Press Ctrl+S

To attach a bank product from the EF Info Worksheet:

1. Open the return.
2. If you've not already done so, add an EF Info Worksheet to the return. For specific instructions, see Adding Forms to a Return.
3. Click the 1040 EF Info tab to open the worksheet.

The EF Info Worksheet appears.

4. At the bottom of the return, click the Payment and Refund worksheet tab.
5. Scroll down to the Refund Options section.

The refund options that appear on the EF Info form are directly related to the bank products for which the EFIN is enrolled. If you have not completed the enrollment process, see Enrollment Process.

6. Select the check box(es) for the refund type desired.
7. Save your changes.

E-filing Returns with Bank Products

Returns with bank product applications are e-filed just like other returns. After transmission, the bank product then receives its own status as the customer and preparer await the disbursement of the refund and/or preparer fees.

Bank applications cannot be altered after e-file transmission unless the return status is Accepted and the bank application status is Rejected. See Re-Creating Bank Applications.

 

See Also:

Bank Manager