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
- Input the Routing Transit Number (RTN), Account Number, the Type of Account, and the Bank Name. (To reduce the possibility of an error, you will be prompted to enter the RTN and the account number twice. Make sure you get the RTN from a check and not a deposit slip. 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.)
- Enter the information on the Practitioner PIN Menu
- 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.
NOTE: Form 8888 can only be accessed when the return is marked for a direct deposit. You will not be able to use this form if the taxpayer is using a tax related bank product.
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.