If You Are E-Filing the Tax Return
From the Main Menu of the Tax Return (Form 1040) select:
- Mark the Return Electronic
- Direct Deposit - Not a bank product
- If a return for this client for the previous year exists and includes bank information, you will be queried about pulling the same information to this year's return. Select Yes to pull in the same information, or No to enter new information.
- If you chose to enter new information, input the Bank Routing Number (RTN), Account Number, the Account Type. (To reduce the possibility of an error, you must enter the RTN and the account number twice. Make sure you get the RTN from a check and not a deposit slip, since some banks use an internal routing number on their deposit slips rather than their RTN. Your client’s refund will be delayed for several weeks if the proper RTN is not transmitted to the IRS.)
- Verify the information on the Practitioner PIN Menu, changing it as needed.
- Exit this Menu to the E-File Menu
- Select Form 8888 - You will have the option to specify a deposit amount into as many as three different accounts and, if desired, allocate amounts to purchase savings bonds, or allocate the remainder to be issued in the form of a check.
Caveats:
- Form 8888 can only be accessed when the return is marked for direct deposit.
- Form 8888 cannot be used if the taxpayer is using a bank product to facilitate their refund.
- Form 8888 can only be included with the original return, not with an amended return.
If You Are Printing the Return To Mail
From the Main Menu of the Tax Return (Form 1040) select:
- Payments, Estimates & EIC
- Direct Deposit Information
- Input the Routing Transit Number (RTN), Account Number, and the Type of Account.
- Select Form 8888 - You will have the option to specify a deposit amount into as many as three different accounts and, if desired, allocate amounts to purchase savings bonds, or allocate the remainder to be issued in the form of a check.
Should you need a list of returns that included Form 8888, the "Office Production Detail Report - "Electronic" in Web Reports in your Account Hub includes a filter for Form 8888.
Additional Information: