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Form 8302 (Rev. October 2003) …
Tags: 1 million, checking savings, department of the treasury, department of the treasury internal revenue service, digits, direct deposit, electronic deposit, form 1045, income tax return, internal revenue service, irs, location city, number 1, omb, phone number, routing number, tax refund, treasury internal revenue service,Pages: 2
Language: english
Created: Tue Oct 28 00:06:26 2003
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Form 8302
(Rev. October 2003)
Electronic Deposit of Tax Refund of $1 Million or More OMB No. 1545-1763
Attach to your income tax return (other than Forms 1040, 1120, 1120-A, or
Department of the Treasury
Internal Revenue Service 1120S), Form 1045, or Form 1139.
Name(s) shown on income tax return Identifying number
Name and location (City, State) of bank Taxpayer's phone number
( )
1 Method of deposit (one box must be checked) Direct Deposit Fedwire
2 Routing number (must be nine digits). The first two digits must be between 01 and 12 or 21 through 32.
3 Account number (include hyphens but omit spaces and special symbols): 4 Type of account (one
box must be checked):
Checking Savings
General Instructions Conditions Resulting in a in the instructions for the form with
which the Form 8302 is filed. For Forms
Refund by Check 1045 or 1139, attach a separate Form
Purpose of Form If the IRS is unable to process this 8302 for each carryback year.
File Form 8302 to request that the IRS request for an electronic deposit, a
electronically deposit a tax refund of $1 refund by check will be generated.
million or more directly into an account Reasons for not processing a request
Specific Instructions
at any U.S. bank or other financial include: Identifying number. Enter the employer
institution (such as a mutual fund, credit identification number or social security
The name on the tax return does not
union, or brokerage firm) that accepts number shown on the tax return to
match the name on the account.
electronic deposits. which Form 8302 is attached.
You fail to indicate the method of
The benefits of an electronic deposit Line 1. Direct deposit is an electronic
deposit to be used (i.e., direct deposit or
include a faster refund, the added payment alternative that uses the
Fedwire).
security of a paperless payment, and the Automated Clearing House (ACH)
savings of tax dollars associated with The financial institution rejects the system. Fedwire is a
the reduced processing costs. electronic deposit because of an transaction-by-transaction processing
incorrect routing or account number. system designed for items that must be
Who May File You fail to indicate the type of account received by payees the same day as
Form 8302 may be filed with any tax the deposit is to be made to (i.e., originated by the IRS.
return other than Form 1040, 1120, checking or savings). Line 2. Enter the financial institution's
1120-A, or 1120S to request an There is an outstanding liability the routing number and verify that the
electronic deposit of a refund of $1 offset of which reduces the refund to institution will accept the type of
million or more. You are not eligible to less than $1 million. electronic deposit requested. See the
request an electronic deposit if: Sample Check below for an example of
The receiving financial institution is a
How To File where the routing number may be
foreign bank or a foreign branch of a Attach Form 8302 to the applicable shown.
U.S. bank or return or application for refund. To
ensure that your tax return is correctly Check with your financial
You have applied for an employer
identification number but are filing your
tax return before receiving one.
processed, see Assembling the Return
!
CAUTION
institution, if necessary, to
verify the routing number
entered on line 2 is correct.
If Form 8302 is filed with Form 1045,
Application for Tentative Refund, or
Form 1139, Corporation Application for
Tentative Refund, both of which allow for Sample Check
more than one year's reporting,
electronic deposits may be made only ABC Corporation
for a year for which the refund is at least 123 Main Street
1234
Anyplace, NJ 07000 15-0000/0000
$1 million.
E
Note. Filers of Form 1040 must request
PL
a direct deposit of refund by completing PAY TO THE
ORDER OF $
M
the account information on that for m.
Routing Account
SA
Filers of Forms 1120, 1120-A, or 1120S number number DOLLARS
must request a direct deposit of a refund (line 2) (line 3)
using Form 8050, Direct Deposit of ANYTOWN BANK
Do not include
Corporate Tax Refund. This includes a Anytown, MD 20000
the check number.
request for a refund of $1 million or For
more.
|:250250025 |:202020 .
"'86" 1234
Note. The routing and account numbers may be in different places on your check.
Cat. No. 62280S Form 8302 (Rev. 10-2003)
Form 8302 (10-2003) Page 2
For accounts payable through a Our authority to ask for information is governments to carry out their tax laws.
financial institution other than the one at sections 6001, 6011, and 6012(a) and We may also disclose this information to
which the account is located, check with their regulations, which require you to Federal, state, or local agencies that
your financial institution for the correct file a return or statement with us for any investigate or respond to acts or threats
routing number. Do not use a deposit tax for which you are liable. Your of terrorism or participate in intelligence
slip to verify the routing number. response is mandatory under these or counterintelligence activities
Line 3. Enter the taxpayer's account sections. Section 6109 requires that you concerning terrorism.
number. Enter the number from left to provide your social security number or Please keep this notice with your
right and leave any unused boxes blank. employer identification number on what records. It may help you if we ask you
See the Sample Check below for an you file. This is so we know who you for other information. If you have any
example of where the account number are, and can process your return and questions about the rules for filing and
may be shown. other papers. You must fill in all parts of giving information, please call or visit
the tax form that apply to you. any Internal Revenue Service office.
You are not required to provide the The time needed to complete and file
Privacy Act and information requested on a form that is this form will vary depending on
Paperwork Reduction subject to the Paperwork Reduction Act individual circumstances. The estimated
unless the form displays a valid OMB average times are: Recordkeeping, 1
Act Notice control number. Books or records hr., 40 minutes; Learning about the law
We ask for the information on this form relating to a form or its instructions must or the form, 30 minutes; Preparing,
to carry out the Internal Revenue laws of be retained as long as their contents copying, assembling, and sending the
the United States. You are required to may become material in the form to the IRS, 33 minutes.
give us the information. We need it to administration of any Internal Revenue If you have comments concerning the
ensure that you are complying with law. Generally, tax returns and return accuracy of these time estimates or
these laws and to allow us to figure and information are confidential, as required suggestions for making this form
collect the right amount of tax. by section 6103. However, section 6103 simpler, we would be happy to hear from
In addition, the Privacy Act requires allows or requires the Internal Revenue you. You can write to the IRS at the
that when we ask you for information we Service to disclose or give the address listed in the instructions of the
must first tell you our legal right to ask information shown on your tax return to tax return with which this form is filed.
for the information, why we are asking other as described in the Code. For
for it, and how it will be used. We must example, we may disclose your tax
also tell you what could happen if we do information to the Department of Justice
not receive it and whether your response to enforce the tax laws, both civil and
is voluntary, required to obtain a benefit, criminal, and to cities, states, the District
or mandatory under the law. of Columbia, U.S. commonwealths or
possessions, and certain foreign