What is the form used for? :
- File Form 8050 to request that the IRS deposit a corporate income tax refund (including a refund of $1 million or more) directly into an account at any U.S. bank or other financial institution (such as a mutual fund or brokerage firm) that accepts direct deposits.
Is the form Supported in our program? Yes
How to access the form: To access the form, you will need to open a Business return on the desktop and then go to Add Form/Display and type 8050.
Limits to the form: This form can only be accessed from the desktop software. This form cannot be copied.
Solution Articles:
8888 - Allocation of Refund (Including Savings Bond)
IRS statement on creation of Form 8888
IRS Publication: https://www.irs.gov/forms-pubs/about-form-8050
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