New Form 8888, Direct Deposit of Refund

New Form 8888, Direct Deposit of Refund

News Release 2006-134 announces the release of Form 8888, Direct Deposit of Refund, is now available to view as a draft form. IRS has released this draft to give taxpayers the opportunity to give comments on its usage and design. If you are interested in sharing your thoughts with IRS, you have 30 days to do so. You can always share your thoughts at any time, but the deadline is used to help IRS make changes this year.

The form permits taxpayers to have their refund deposited into up to three accounts, including an IRA. The accounts do not have to be at the same financial institution.

Searching for “Form 8888” produces a copy of the news release. At the bottom of the news release is a link to the Draft Form and to a page where you can leave comments.

A pdf copy of the draft Form 8888 can also be seen in the Tax Practitioners section at and clicking on Draft Tax Forms and scrolling down to the form. You can also find the form by going to and clicking on irs-dft and then on f8888—dft.pdf.

This text has been shared with you courtesy of: David & Mary Mellem, EAs & Ashwaubenon Tax Professionals, 920-496-1065 (fax 920-496-9111) , , , and .

©2006 Ashwaubenon Tax Professionals. No reproduction of this article is permitted without the express consent of Ashwaubenon Tax Professionals, 2140 Holmgren Way, Suite 1040, Green Bay, WI54304.

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