How do I download financial institution data into Intuit ProConnect ProSeries Professional Edition or Intuit ProConnect ProSeries Basic Edition using the Tax Import Financial Institutions Download feature?

Solution Description:

ProSeries Tax Import provides two ways to download financial institution data from your client's online accounts. 
  • You can invite clients to download financial institution data by email.
  • You can instantly download financial institution data if your client is in the office.

To invite a client to download financial institution data by email:

  1. Open ProSeries
  2. Select the client's individual income tax return. 
  3. Click the Import menu
  4. Mouse-over Financial Institution Download, then select Request 1099 and W2 data from client
  5. The Activate Clients window will open.  Verify the client's name and email address are present.  If the email is missing, you may enter it here. 
  6. Click the Next button.
  7. On the following screen, the invitation email template will be displayed.  The email provides your client with all the information they will need to initiate the download of their financial institution data.
  8. At the bottom of the invitation email template, you may specify the Name that will appear as the "Tax Preparer" on the client's download website.  Select from the 3 options.
  9. Verify the Email address for notifications contains your email address.  Your client's email will be delivered using this address and click Next.
  10. Verify the email is correct and click Finish to deliver the email to your client.
  11. When your client receives the email, they will have all the instructions necessary to sign-in to the TaxFormDropOff website and initiate the download of their financial institution data. Their data will be delivered to your software to import.

To instantly download financial institution data while your client is in the office: (not available in the Basic program)

  1. Open ProSeries
  2. Select the client's individual income tax return. 
  3. Click the Import menu
  4. Mouse-over Financial Institution Download, then select Request 1099 and W2 data Now

Note: The Request 1099 and W2 data Now option will be disabled (grayed) when the client file is not open. This menu option is not available from the HomeBase screen.

  1. The selected client will be activated and the TaxFormDropOff website will open. 
  2. Sign In to the 'TaxFormDropOff' using a Preparer's My Account Email or user ID and Password.
  3. Your client may then select the financial institution where they have an account, and sign in to the financial institution using their user name and password or other credentials.
  4. Financial data may be downloaded from each account.  A confirmation will identify the data downloaded form each institution.
  5. The downloaded data will be delivered to ProSeries where you can import it into your client's return.
  6. Close the return to check the status of the download in the "99" column.  When the download has processed and is 'Ready to Import', just open the file to begin importing the data.