Section 60 - Direct Deposit (Form 941)

This subsection has instructions for correcting Section 60 Field Errors.

Section 60 has data from direct deposit information.

The taxpayer’s information must be processed as reported.

Field 60RTN is a nine-digit numeric field.

Field 60RTN is invalid if present and the first two digits are not:

Between 01 through 12.

Between 21 through 32.

Field 60RTN is other than numeric.

Correct coding and transcription errors and misplaced entries.

If the information on the return is not valid, delete Field 60RTN.

Field 60TDA may be blank or have one alpha code ("C" or "S" ).

Field 60TDA is invalid if the entry present is not "C" for Checking or "S" for Savings.

Correct coding and transcription errors and misplaced entries.

If both or neither box (Checking or Savings) is marked, enter "C" in Field 60TDA.

Field 60DAN may be up to 17 characters and can be alpha, numeric, hyphen or space.

Field 60DAN is invalid if a Depositor Account Number is present and a character is not numeric, alpha, hyphen or space.

Field 60DAN is present, but Field 60TDA is not present.

Correct coding and transcription errors or misplaced entries.

Check Depositor Account Number (DAN) Line and do the following:

If

Then

The account number is valid (the entry has only numeric, alpha, hyphen or space).

GTSEC 60

See IRM 3.12.13.31.3.2, Field 60TDA, Type of Depositor Account (TDA)

Enter a valid code in Field 60TDA.

The account number is not valid

Delete Field 60DAN.