Form 8050 

(November 2016) 

Department of the Treasury 

Internal Revenue Service 

Direct Deposit of Corporate Tax Refund 

▶ Attach to Form 1120 or 1120S. 

▶ Information about Form 8050 and its instructions is at www.irs.gov/form8050.

OMB No. 1545-0123 

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. 

2. Account number (include hyphens but omit spaces and special symbols): 

3. Type of account (one box 

must be checked): 

Checking Savings 

General Instructions 

Section references are to the Internal Revenue 

Code unless otherwise noted.

Purpose of Form 

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. 

The benefits of a direct deposit include a 

faster refund, the added security of a 

paperless payment, and the savings of tax 

dollars associated with the reduced 

processing costs. 

Who May File 

Only corporations requesting a direct deposit 

of refund with its original Form 1120 or 1120S 

may file Form 8050. 

The corporation is not eligible to request a 

direct deposit if: 

• The receiving financial institution is a foreign 

bank or a foreign branch of a U.S. bank, or 

• The corporation has applied for an 

employer identification number but is filing its 

tax return before receiving one. 

Note: For other corporate tax returns, 

including Form 1120X, Amended U.S. 

Corporation Income Tax Return, and Form 

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 

Refund of $1 Million or More. 

Conditions Resulting in a 

Refund by Check 

If the IRS is unable to process this request for 

a direct deposit, a refund by check will be 

generated instead. Reasons for not 

processing a request include: 

• The name of the corporation on the tax 

return does not match the name on the 

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, 

checking or savings). 

How To File 

Attach Form 8050 to the corporation’s Form 

1120 or 1120S after Schedule N (Form 1120),

if applicable. To ensure that the corporation’s 

tax return is correctly processed, see 

Assembling the Return in the instructions for 

Form 1120 or 1120S. 

Specific Instructions 

Line 1. Enter the financial institution’s routing 

number and verify that the institution will 

accept a direct deposit. See the sample 

check below for an example of where the 

routing number may be shown. 

For accounts payable through a financial 

institution other than the one at which the 

account is located, check with your financial 

institution for the correct routing number. Do 

not use a deposit slip to verify the routing 

number. 

Line 2. Enter the corporation’s account 

number. Enter the number from left to right 

and leave any unused boxes blank. See the 

sample check below for an example of where 

the account number may be shown. 

Paperwork Reduction 

Act Notice 

We ask for the information on this form to 

carry out the Internal Revenue laws of the 

United States. You are required to give us 

the information. We need it to ensure that 

you are complying with these laws and to 

allow us to figure and collect the right 

amount of tax. 

You are not required to provide the 

information requested on a form that is 

subject to the Paperwork Reduction Act 

unless the form displays a valid OMB control 

number. Books or records relating to a form 

or its instructions must be retained as long as 

their contents may become material in the 

administration of any Internal Revenue law. 

Generally, tax returns and return information 

are confidential, as required by section 6103. 

The time needed to complete and file this 

form will vary depending on individual 

circumstances. The estimated burden for 

business taxpayers filing this form is 

approved under OMB control number 

1545-0123 and is included in the estimates 

shown in the instructions for their business 

income tax return.

If you have comments concerning the 

accuracy of these time estimates or 

suggestions for making this form simpler, we 

would be happy to hear from you. You can 

write to the IRS at the address listed in the 

instructions of the tax return with which this 

form is filed. 

Sample Check 

ABC Corporation 

123 Main Street 

Anyplace, NJ 07000 

Routing 

number 

(line 1) 

Account 

number 

(line 2) 

Note: The routing and account numbers may be in different places on the corporation’s check. 

Cat. No. 30211X Form 8050 (11-2016)