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Direct Deposit of Corporate Tax Refund
Form 8050 OMB No. 1545-0123
(November 2016) ▶ Attach to Form 1120 or 1120S.
Department of the Treasury ▶ Information about Form 8050 and its instructions is at www.irs.gov/form8050.
Internal Revenue Service
Name of corporation (as shown on tax return) Employer identification number
Phone number (optional)
1. Routing number (must be nine digits). The first two digits must be between 01 and 12 or 21 through 32.
3. Type of account (one box
must be checked):
2. Account number (include hyphens but omit spaces and special symbols):
Checking Savings
General Instructions How To File the information. We need it to ensure that
you are complying with these laws and to
Section references are to the Internal Revenue Attach Form 8050 to the corporation’s Form allow us to figure and collect the right
Code unless otherwise noted. 1120 or 1120S after Schedule N (Form 1120), amount of tax.
if applicable. To ensure that the corporation’s
Purpose of Form tax return is correctly processed, see You are not required to provide the
File Form 8050 to request that the IRS deposit Assembling the Return in the instructions for information requested on a form that is
Form 1120 or 1120S. subject to the Paperwork Reduction Act
a corporate income tax refund (including a unless the form displays a valid OMB control
refund of $1 million or more) directly into an Specific Instructions number. Books or records relating to a form
account at any U.S. bank or other financial or its instructions must be retained as long as
institution (such as a mutual fund or brokerage Line 1. Enter the financial institution’s routing
firm) that accepts direct deposits. number and verify that the institution will their contents may become material in the
The benefits of a direct deposit include a administration of any Internal Revenue law.
accept a direct deposit. See the sample
check below for an example of where the Generally, tax returns and return information
faster refund, the added security of a routing number may be shown. are confidential, as required by section 6103.
paperless payment, and the savings of tax The time needed to complete and file this
dollars associated with the reduced For accounts payable through a financial
processing costs. institution other than the one at which the form will vary depending on individual
account is located, check with your financial circumstances. The estimated burden for
Who May File institution for the correct routing number. Do business taxpayers filing this form is
Only corporations requesting a direct deposit not use a deposit slip to verify the routing approved under OMB control number
of refund with its original Form 1120 or 1120S number. 1545-0123 and is included in the estimates
shown in the instructions for their business
may file Form 8050. Line 2. Enter the corporation’s account income tax return.
The corporation is not eligible to request a number. Enter the number from left to right
direct deposit if: and leave any unused boxes blank. See the If you have comments concerning the
• The receiving financial institution is a foreign sample check below for an example of where accuracy of these time estimates or
bank or a foreign branch of a U.S. bank, or the account number may be shown. suggestions for making this form simpler, we
would be happy to hear from you. You can
• The corporation has applied for an Paperwork Reduction write to the IRS at the address listed in the
employer identification number but is filing its instructions of the tax return with which this
tax return before receiving one. Act Notice form is filed.
Note: For other corporate tax returns, We ask for the information on this form to
including Form 1120X, Amended U.S. carry out the Internal Revenue laws of the
Corporation Income Tax Return, and Form United States. You are required to give us
1139, Corporation Application for Tentative
Refund, a corporation may request a direct
deposit of refunds of $1 million or more by
filing Form 8302, Electronic Deposit of Tax Sample Check
Refund of $1 Million or More.
Conditions Resulting in a ABC Corporation
Refund by Check 123 Main Street
If the IRS is unable to process this request for Anyplace, NJ 07000
a direct deposit, a refund by check will be
generated instead. Reasons for not
processing a request include: Routing Account
• The name of the corporation on the tax number number
return does not match the name on the (line 1) (line 2)
account.
• The financial institution rejects the direct
deposit because of an incorrect routing or
account number.
• The corporation fails to indicate the type of
account the deposit is to be made to (that is, Note: The routing and account numbers may be in different places on the corporation’s check.
checking or savings).
Cat. No. 30211X Form 8050 (11-2016)