Form 8302 Electronic Deposit of Tax Refund of $1 Million or more

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.

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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.

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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.