How do I electronically file estimates with my 1120 return using worksheet view?
To electronic file the estimated tax payments, you must first generate the 1120-W Payment Vouchers that include banking information for direct debt input.
To select electronic filing of estimated tax payments, do the following:
- Go to the General > Electronic Filing.
- In Section 1 - General.
- In Line 8 - Electronically file estimated tax payments, select Yes.
- In Section 1 - General.
- Calculate the return.
To complete the banking information, do the following:
- Go to the General > Basic Data.
- In Section 4 - Direct Deposit/Electronic Funds Withdrawal.
- Click Detail.
- In Line 1 - FS, select F.
- In Line 1 - State, select the applicable state.
- In Line 3 - Direct debt any amount due, select the box.
- In Line 7 - Name of financial institution, enter the name of the financial institution.
- In Line 8 - Routing Transit Number (RTN), enter the routing transit number.
- In Line 9 - Depositor Account Number (DAN), enter the depositor account number.
- Calculate the return.
Note: The estimated payments for all four vouchers have to be set up and e-filed at the time of the tax return. This will only allow estimates to be e-filed before the April 15th deadline. Once the estimates have been e-filed, there is no way to change the voucher amounts.
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