Form 8302

Form 8302

A form that one files to inform the IRS of the bank account and routing number to be used for the direct deposit of a tax refund in excess of $1 million.
References in periodicals archive ?
Problem: Form 8302 (Application for Electronic Funds Transfer of Tax Refund of $1 Million or More) permits taxpayers to obtain a tax refund by electronic funds transfer (EFT).
Attaching Form 8302 to the back of a lengthy tax return is not the most efficacious manner of notifying the IRS of a request for EFT.
We will revise the instructions to Form 8302 to include information on the importance of complete account numbers and bank information to facilitate electronic funds transfer (EFT).