I am trying to arrange direct deposit for an 1120. I completed the info requested in screen 4.1, but the letter hasn't changed nor has form 8050 become active.

Forum|Forum|6 years ago
July 4, 2020
1 reply
9 views

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Lacerte Tax

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George4Tacks

Level 15

1 - is the refund being applied to next year's estimate? If so there is no refund.

2 - For Direct Deposit you need to check the first TWO boxes, then do bank name, rtn and acct # and type of account. Missing one item will mess it up.

Answers are easy. Questions are hard!

S

steve17Author

Level 2

Still doesn't work for this client, although I successfully got it to work on another

Wondering if there's an override that's preventing it from working

J

JeriR

Level 3

I have the same problem (2019 corporate FYE 9/30/20). I correctly checked both of the first two boxes on screen 4.1 and input the bank information properly. I see the Form 8050 with the correct information, but the letter does not indicate the refund will be direct deposit! I spoofed the CA estimate paid to force an overpayment....and the letter correctly indicates the direct deposit of the overpayment. Any help here?

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