Adding a bank application allows you to deduct preparation fees directly from the taxpayer's refund. Follow these steps to attach a bank application to a tax return:
1. Access the Review/Print Section
Navigate to Review/Print to expand the dropdown menu.
Click Review to open the Review screen.
2. Select Payment and Filing Method
In the Payment and Filing Method section, choose Refund Transfer from the dropdown menu to mark the refund as a bank product.
Click Update to open the Bank Application screen, where you can:
Add your preparation fees.
Choose the disbursement method.
3. Troubleshooting: Missing Refund Transfer Option
If the Refund Transfer option is unavailable, check the following:
There is no tax refund in the return.
A bank hasn’t been selected in the Configuration screen.
4. Update Configuration Settings
Return to the Main Menu and go to Configuration.
Click on the Office Provider tab and ensure a bank is selected from the dropdown menu.