Electronic Filing - Ohio Department Of Taxation

2011 ELECTRONIC FILING--DIRECT DEPOSIT

A refund may be deposited into a checking account, savings account, a pre-existing Individual Retirement Ac-

count or Annuity (IRA) or 529 CollegeAdvantage account. The financial institution where the funds are deposited

must be a state bank, national bank, savings and loan association, mutual savings bank, or credit union. Tax-

payers cannot deposit their refund into a credit card or debit card account.

The Ohio Department of Taxation does not guarantee a specific date that a refund will be deposited into a tax-

payer‟s account and does not issue written notices to taxpayers to confirm a direct deposit. Taxpayers or persons

authorized by taxpayers may check the status of their refund(s) by calling the Ohio Refund Hot Line at 1-800-282-

1784.

NOTE:

The Ohio Department of Taxation is not responsible for the misapplication of a direct deposit refund into a

checking, savings, IRA or 529 CollegeAdvantage account that is caused by error, negligence or malfeasance on

the part of the taxpayer, electronic filer, financial institution, or any of their agents.

ERO Direct Deposit Responsibilities

An ERO must do all of the following:

ensure that the taxpayer is aware of all general information regarding a direct deposit,

accept any direct deposit election to any eligible financial institution designated by the taxpayer,

ensure that the eligibility requirements are met,

verify that the direct deposit information is correct,

not charge a separate fee for direct deposit, and

caution the taxpayer that after an electronic return has been accepted for processing:

o the direct deposit election cannot be rescinded,

o the routing number of the financial institution cannot be changed, and

o the taxpayer's account number cannot be changed

Direct Deposit Eligibility

The eligibility requirements for direct deposits are as follows:

the direct deposit request must be for taxable year 2011 only,

the account designated to receive the direct deposit must be in the taxpayer's name, or the beneficiary‟s

name, in the case of an 529 CollegeAdvantage account

the taxpayer must provide the ERO with an account number and routing number for the checking, savings or

IRA account which the taxpayer designates to receive the direct deposit,

the taxpayer must provide the ERO with the beneficiary‟s name, social security number (if applicable) and ac-

count number for the 529 CollegeAdvantage account

NOTE:

The 529 CollegeAdvantage account will not have a routing number.

Exception: If the designated depositor account is created for the sole purpose of repaying a Refund Anticipation

Loan (RAL) and if the account's identifying data is supplied by the ERO, then the taxpayer does not have to pro-

vide account information.

NOTE:

Some financial institutions do not permit deposits from a joint refund into an individual account. The Ohio

Department of Taxation is not responsible for a financial institution's refusal to accept a direct deposit for this or

any other reason.

Electronic Filing - Ohio Department Of Taxation - 2011 Page 13