Form 8302 Direct Deposit of Tax Refund of $1 Million or More

Attach to your income tax return (other than Forms 1040 1120 or 1120S) Form 1045 or Form 1139 The financial institution rejects the electronic deposit because of an incorrect routing or account number The name on the tax return does not match the name on the account The receiving financial institution is a foreign bank or a foreign branch of a U S bank or There is an outstanding liability the offset of which reduces the refund to less than $1 million You fail to indicate the method of deposit to be used (i e direct deposit or Fedwire) You fail to indicate the type of account the deposit is to be made to (i e checking or savings) You have applied for an employer identification number but are filing your tax return before receiving one (Rev December 2009) ABC Corporation 123 Main Street Anyplace NJ 07000 Account number (include hyphens but omit spaces and special symbols): Account number (line 3) Attach Form 8302 to the applicable return or application for refund To ensure that your tax return is correctly processed see Assembling the Return Cat No 62280S CAUTION Check with your financial institution if necessary to verify the routing number entered on line 2 is correct Checking Conditions Resulting in a Refund by Check Department of the Treasury Internal Revenue Service Direct Deposit Electronic Deposit of Tax Refund of $1 Million or More Fedwire File Form 8302 to request that the IRS electronically deposit a tax refund of $1 million or more directly into an account at any U S bank or other financial institution (such as a mutual fund credit union or brokerage firm) that accepts electronic deposits For accounts payable through a financial institution other than the one at which the account is located check with your financial institution for the correct routing number Do not use a deposit slip to verify the routing number Form 8302 Form 8302 (12 2009) Form 8302 (Rev 12 2009) Form 8302 may be filed with any tax return other than Form 1040 1120 or 1120S to request an electronic deposit of a refund of $1 million or more You are not eligible to request an electronic deposit if: General Instructions governments to carry out their tax laws We may also disclose this information to Federal state or local agencies that investigate or respond to acts or threats of terrorism or participate in intelligence or counterintelligence activities concerning terrorism How To File Identifying number Identifying number Enter the employer identification number or social security number shown on the tax return to which Form 8302 is attached 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 more than one year s reporting electronic deposits may be made only for a year for which the refund is at least $1 million If the IRS is unable to process this request for an electronic deposit a refund by check will be generated Reasons for not processing a request include: If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler we would be happy to hear from you You can write to the IRS at the address listed in the instructions of the tax return with which this form is filed In addition the Privacy Act requires that when we ask you for information we must first tell you our legal right to ask for the information why we are asking for it and how it will be used We must also tell you what could happen if we do not receive it and whether your response is voluntary required to obtain a benefit or mandatory under the law in the instructions for the form with which the Form 8302 is filed For Forms 1045 or 1139 attach a separate Form 8302 for each carryback year Line 1 Direct deposit is an electronic payment alternative that uses the Automated Clearing House (ACH) system Fedwire is a transaction by transaction processing system designed for items that must be received by payees the same day as originated by the IRS Line 2 Enter the financial institution s routing number and verify that the institution will accept the type of electronic deposit requested See the Sample Check below for an example of where the routing number may be shown Line 3 Enter the taxpayer s account number Enter the number from left to right and leave any unused boxes blank See the Sample Check below for an example of where the account number may be shown Method of deposit (one box must be checked) Name and location (City State) of bank Name(s) shown on income tax return Note Filers of Form 1040 must request a direct deposit of refund by completing 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 more Note The routing and account numbers may be in different places on your check OMB No 1545 1763 Our authority to ask for information is sections 6001 6011 and 6012(a) and their regulations which require you to file a return or statement with us for any tax for which you are liable Your response is mandatory under these sections Section 6109 requires that you provide identifying number on what you file This is so we know who you are and can process your return and other papers You must fill in all parts of the tax form that apply to you Page 2 Please keep this notice with your records It may help you if we ask you for other information If you have any questions about the rules for filing and giving information please call or visit any Internal Revenue Service office Privacy Act and Paperwork Reduction Act Notice Purpose of Form Routing number (line 2) Routing number (must be nine digits) The first two digits must be between 01 and 12 or 21 through 32 Sample Check Sample graphic of a check showing where the routing number and account number can be found on the check Savings Section references are to the Internal Revenue Code unless otherwise noted Specific Instructions Taxpayer s phone number The benefits of an electronic deposit include a faster refund the added security of a paperless payment and the savings of tax dollars associated with the reduced processing costs The time needed to complete and file this form will vary depending on individual circumstances The estimated average times are: Recordkeeping 1 hr 40 minutes; Learning about the law or the form 30 minutes; Preparing copying assembling and sending the form to the IRS 33 minutes Type of account (one box must be checked): We ask for the information on this form to carry out the Internal Revenue laws of the United States You are required to give us the information We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax Who May File You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law Generally tax returns and return information are confidential as required by section 6103 However section 6103 allows or requires the Internal Revenue Service to disclose or give the information shown on your tax return to other as described in the Code For example we may disclose your tax information to the Department of Justice to enforce the tax laws both civil and criminal and to cities states the District of Columbia U S commonwealths or possessions and certain foreign