2020-12-21 15:21:21 • Filed to: PDF Form Solutions • Proven solutions

Irs Update Direct Deposit

The President's Hotline or 8888 is dedicated to complaints against fixers, scalawag officials and poor government services. Callers will be asked to identify the government employee and agency tagged in their complaint, date and details of the incident, their proposed solution and contact details.

The IRS Form 8888 is a PDF form which can be filled electronically using form filler software program. Although, there are few you can use but I will recommended PDFelement as the best in this category and available for this task.

Your Best Solution to Fill out IRS Form 8888

IRS Form 8888 is a form issued by the Internal Revenue Service for the allocation of refund including savings bond purchase for people who wants the IRS to deposit their refund to either two or three account at a bank or a financial institution.

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This form can be filled with PDFelement. In addition to form filling, PDFelement allows you to modify the text, apply digital signature and attribute of a PDF document.

It can also enable you to create, split and, merge PDF documents fast and easy. To fill your IRS Form 8888, just open the form in the PDFelement and use the program to fill it. It is fast, simple and easy and can be done by anyone who understands the basics of a computer. It is highly rated software and certainly the best solution to fill your IRS Form 8888 electronically.

Instructions for How to Complete IRS Form 8888

What will you do if you want to fill out the IRS Form 8888? Completing this form is easy and can be done very fast using PDFelement. However, the following step by step guide will help you fill out the 4 part form easily.

Step 1: The first thing you need to do is to download the Form 8888 from the government website irs.gov. Once down, open it on PDFelement platform and utilize the form function to start the filing.

Step 2: Begin by writing your name as shown on the return and also write your social security number on the first two columns of the form.

Step 3: Go to Part I and enter the direct deposit information. However, it is important to understand that you must only complete this part if you want the IRs to directly deposit a portion of your refund to one or more accounts. On line 1a, enter the amount you want to be deposited on the first account. You can see further instructions. Enter the routing number on line 1b. Check any of the boxes if your account is savings or checking on line 1c and enter your account number on line 1d. On line 2a, you are expected to enter the amount to be deposited in the second account. Enter the routing number for this account in line 2b, select the account type in line 2c and enter the account number in line 2d. Repeat the process again for the third account in line 3a to 3d.

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Step 4: Fill out Part II- U.S series I Saving Bond Purchases. But note that this part must only be completed if you are interested in buying paper bonds using a portion of your refund. On line 4, enter the amount to be used for bond purchases for yourself and your spouse if you are filing jointly. The amount to be used to buy bonds for yourself, your spouse or someone else should be entered on line 5a. Then enter the owners name starting with the first name for the bond registration on line 5b and if you would like to add co owner or beneficiary, enter the name on line 5c and check the box if beneficiary. Repeat the process on 6a to 6c to complete the part.

Step 5: Go to Part III and complete if you want part of your refund to be sent through check. It has only line 7 where you are expected to enter the amount to be refunded by check.

Step 6: Fill out Part IV- Total Allocation of Refund. Here what you do is simple. You are expected to add the amount on lines 1a, 2a, 3a, 4, 5a, 6a and 7a. But it is important to note that when you have added all these figures, the total must equal the refund amount shown on your tax return. But note that if the total on line 8 is different, then a check will be sent instead.

Tips and Warnings for IRS Form 8888

• It is important to note that if your rejects one or two of your direct deposit requests, provided it is not all three of them, then it is possible you may get part of your refund as a paper check and part of them as a direct deposit.
• Note that you are not expected to file a form 8888 on which you have crossed out or whited out any letter or numbers. The IRS will likely reject your allocation of refund and savings bond purchases if you file the form but will instead send you a check.
• Note also that if you made a math error on your return and the amount of your refund is increased. The additional amount as a result of this will be sent in the form of check to you. However, the rules for this will change if you requested for direct deposit in part I. The rules under the Changes in Refund due to Math Errors or Refund offset will then apply.
• Your bond request must be in the multiple of $50 else your bond will not be issued.
• Ensure you enter the right routing and account numbers. Any mistake will lead to delay in processing your form.
• The privacy of your account and other information is guaranteed on PDFelement platform.

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