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Federal Free Printable Form 8302 (Rev. November 2018) for 2024 Federal Direct Deposit of Tax Refund of $1 Million or More

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Direct Deposit of Tax Refund of $1 Million or More
Form 8302 (Rev. November 2018)

8302 Form (Rev. November 2018) Electronic 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. ▶ Go to www.irs.gov/Form8302 for the latest information. ▶ Department of the Treasury Internal Revenue Service Name(s) shown on income tax return OMB No. 1545-1763 Identifying number Name and location (city, state) of bank Taxpayer’s phone number 1 2 Method of deposit (one box must be checked) Direct deposit Fedwire 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): General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Purpose of Form 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. 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. Who May File 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: • The receiving financial institution is a foreign bank or a foreign branch of a U.S. bank, or • You have applied for an employer identification number but are filing your tax return before receiving one. 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. 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. 4 Conditions Resulting in a Refund by Check 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: • The name on the tax return does not match the name on the account. • You fail to indicate the method of deposit to be used (direct deposit or Fedwire). • The financial institution rejects the electronic deposit because of an incorrect routing or account number. • You fail to indicate the type of account the deposit is to be made to (checking or savings). • There is an outstanding liability the offset of which reduces the refund to less than $1 million. • You are subject to the Treasury Offset Program (TOP) and fail to indicate direct deposit as the method of deposit to be used. How To File Attach Form 8302 to the applicable return or application for refund. To ensure that your tax return is correctly Type of account (one box must be checked): Checking Savings processed, see Assembling the Return 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. Specific Instructions Identifying number. Enter the employer identification number or social security number shown on the tax return to which Form 8302 is attached. Line 1. Direct deposit is an electronic payment alternative that uses the Automated Clearing House (ACH) system. Fedwire is a transaction-bytransaction processing system designed for items that must be received by payees the same day as originated by the IRS. When there is a verified potential that the tax refund will be applied to a debt owed to a particular agency, a Fedwire deposit will be rejected due to the offset. To receive an electronic deposit, elect to use the direct deposit method of deposit instead of Fedwire. 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 ABC Corporation 123 Main Street Anyplace, NJ 07000 Routing number (line 2) Account number (line 3) Note: The routing and account numbers may be in different places on your check. For Privacy Act and Paperwork Reduction Act Notice, see instructions. Cat. No. 62280S Form 8302 (Rev. 11-2018) Form 8302 (Rev. 11-2018) Sample Check for an example of where the routing number may be shown. ! ▲ CAUTION Check with your financial institution, if necessary, to verify that the routing number entered on line 2 is correct. 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. 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 for an example of where the account number may be shown. Page Privacy Act and Paperwork Reduction Act Notice. 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. 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 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 Code section 6103. 2 The time needed to provide this information may vary depending on individual circumstances. The estimated average time is: Recordkeeping . . . . 1 hr., 40 min. Learning about the law or the form . . . . . . . 30 min. Preparing and sending the form . . . 33 min. . . If you have comments concerning the accuracy of these time estimates or suggestions for making Form 8302 simpler, we would be happy to hear from you. You can send us comments through www.irs.gov/FormComments. Or you can write to the Internal Revenue Service, Tax Forms and Publications, 1111 Constitution Ave. NW, IR-6526, Washington DC 20224. Do not send Form 8302 to this address.
Extracted from PDF file 2023-federal-form-8302.pdf, last modified November 2018

More about the Federal Form 8302 Corporate Income Tax TY 2023

We last updated the Direct Deposit of Tax Refund of $1 Million or More in February 2024, so this is the latest version of Form 8302, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 8302 directly from TaxFormFinder. You can print other Federal tax forms here.

Other Federal Corporate Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 1040 U.S. Individual Income Tax Return
1040 (Schedule B) Interest and Ordinary Dividends
Form W-3 Transmittal of Wage and Tax Statements
Form 1096 Annual Summary and Transmittal of U.S. Information Returns
Form 1120-H U.S. Income Tax Return for Homeowners Associations

Download all  tax forms View all 775 Federal Income Tax Forms

Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8302 from the Internal Revenue Service in February 2024.

Show Sources >

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Federal Form 8302

We have a total of eleven past-year versions of Form 8302 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form 8302

Form 8302 (Rev. November 2018)

2022 Form 8302

Form 8302 (Rev. November 2018)

2021 Form 8302

Form 8302 (Rev. November 2018)

2020 Form 8302

Form 8302 (Rev. November 2018)

2019 Form 8302

Form 8302 (Rev. November 2018)

2018 Form 8302

Form 8302 (Rev. November 2018)

2017 Form 8302

Form 8302 (Rev. December 2009)

2016 Form 8302

Form 8302 (Rev. December 2009)

Direct Deposit of Tax Refund of $1 Million or More 2015 Form 8302

Form 8302 (Rev. December 2009)

Direct Deposit of Tax Refund of $1 Million or More 2012 Form 8302

Form 8302 (Rev. December 2009)

Direct Deposit of Tax Refund of $1 Million or More 2011 Form 8302

Form 8302 (Rev. December 2009)

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