Section 60 Data - Form 1065 - Direct Deposit

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 transcribed from 32b. Field 60RTN is a nine-digit numeric field.

Invalid Conditions - 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

Correction Procedures:

Correct coding and transcription errors and misplaced entries

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

Field 60TDA is transcribed from 32c. Field 60TDA may be blank or have one alpha code ("C" or "S" ).

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

Correction Procedures:

Correct coding and transcription errors

Correct misplaced entries

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

Field 60DAN is transcribed from 32d. Field 60DAN may be up to 17 characters and can be alpha, numeric, hyphen or space.

Invalid Conditions:

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

Correction Procedures:

Correct coding and transcription errors

Correct misplaced entries

Check Line 32c and do the following:

If

Then

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

GTSEC 60.

See IRM 3.12.15.21.3, Field 60TDA - Type of Depositor Account (TDA), instructions.

Enter a valid code in Field 60TDA.

The account number is not valid,

Delete Field 60DAN.