8302
Electronic Deposit of Tax Refund of $1 Million or More
Form
OMB No. 1545-1763
(Rev. December 2009)
Attach to your income tax return (other than Forms 1040, 1120, or
Department of the Treasury
1120S), Form 1045, or Form 1139.
Internal Revenue Service
Identifying number
Name(s) shown on income tax return
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.
Type of account (one
3
Account number (include hyphens but omit spaces and special symbols):
4
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
Section references are to the Internal
1045 or 1139, attach a separate Form
Revenue Code unless otherwise noted.
8302 for each carryback year.
If the IRS is unable to process this
request for an electronic deposit, a
Purpose of Form
Specific Instructions
refund by check will be generated.
Reasons for not processing a request
File Form 8302 to request that the IRS
Identifying number. Enter the employer
include:
electronically deposit a tax refund of $1
identification number or social security
million or more directly into an account
•
The name on the tax return does not
number shown on the tax return to
at any U.S. bank or other financial
match the name on the account.
which Form 8302 is attached.
institution (such as a mutual fund, credit
•
You fail to indicate the method of
Line 1. Direct deposit is an electronic
union, or brokerage firm) that accepts
deposit to be used (i.e., direct deposit or
payment alternative that uses the
electronic deposits.
Fedwire).
Automated Clearing House (ACH)
The benefits of an electronic deposit
system. Fedwire is a transaction-by-
•
The financial institution rejects the
include a faster refund, the added
transaction processing system designed
electronic deposit because of an
security of a paperless payment, and the
for items that must be received by
incorrect routing or account number.
savings of tax dollars associated with
payees the same day as originated by
the reduced processing costs.
•
You fail to indicate the type of account
the IRS.
the deposit is to be made to (i.e.,
Who May File
Line 2. Enter the financial institution’s
checking or savings).
routing number and verify that the
Form 8302 may be filed with any tax
•
There is an outstanding liability the
institution will accept the type of
return other than Form 1040, 1120, or
offset of which reduces the refund to
electronic deposit requested. See the
1120S to request an electronic deposit
less than $1 million.
Sample Check below for an example of
of a refund of $1 million or more. You
where the routing number may be
How To File
are not eligible to request an electronic
shown.
deposit if:
Attach Form 8302 to the applicable
Check with your financial
!
•
The receiving financial institution is a
return or application for refund. To
institution, if necessary, to
foreign bank or a foreign branch of a
ensure that your tax return is correctly
verify the routing number
U.S. bank or
processed, see Assembling the Return
CAUTION
entered on line 2 is correct.
•
You have applied for an employer
identification number but are filing your
Sample Check
tax return before receiving one.
If Form 8302 is filed with Form 1045,
Application for Tentative Refund, or
ABC Corporation
Form 1139, Corporation Application for
123 Main Street
Tentative Refund, both of which allow for
Anyplace, NJ 07000
more than one year’s reporting,
electronic deposits may be made only
for a year for which the refund is at least
$1 million.
Routing
Account
Note. Filers of Form 1040 must request
number
number
a direct deposit of refund by completing
(line 2)
(line 3)
the account information on that form.
Filers of Forms 1120 or 1120S must
request a direct deposit of a refund
using Form 8050, Direct Deposit of
Corporate Tax Refund. This includes a
request for a refund of $1 million or
Note. The routing and account numbers may be in different places on your check.
more.
8302
Form
(Rev. 12-2009)
Cat. No. 62280S