Form 8888 - Allocation Of Refund (Including Savings Bond Purchases) - 2013 Page 3
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Form 8888 (2013)
Page
should check the “Checking” or
Refund decreased. If you made an error
return (determined without regard to any
“Savings” box. If your deposit is to a
on your return and the amount of your
extension) or file an amended return
TreasuryDirect® online account, check
refund is decreased, the decrease will be
without the IRA deduction.
the “Savings” box. You must check the
taken first from any deposit to an
Part II
correct box to ensure your deposit is
account on line 3, next from the deposit
You may request up to three different
accepted.
to the account on line 2, and finally from
savings bond registrations. However,
the deposit to the account on line 1.
Lines 1d, 2d, and 3d
each registration must be a multiple of
Example. Your return shows a refund
The account number can be up to 17
$50, and the total of lines 4, 5a, and 6a
of $300, and you ask that the refund be
characters (both numbers and letters).
cannot be more than $5,000 (or your
split among three accounts with $100 in
Include hyphens but omit spaces and
refund amount, whichever is smaller).
each account. Due to an error on your
special symbols. Enter the number from
return, your refund is decreased by
Line 4
left to right and leave any unused boxes
$150. You will not receive the $100 you
You can skip line 4 if you
blank. On the sample check in these
asked us to deposit to the account on
want to buy bonds for
instructions, the account number is
TIP
line 3, and the deposit to the account on
someone other than yourself
20202086. Do not include the check
line 2 will be reduced by $50.
(and your spouse, if filing
number.
Note. If you appeal the math error and
jointly).
Reasons Your Direct
your appeal is upheld, the resulting
Enter the portion of your refund you want
Deposit Request May Be
refund will be deposited to the account
to use to buy bonds for yourself (and
on line 1.
Rejected
your spouse, if filing jointly). These
bonds will be registered in the name(s)
Refund Offset
If either of the following apply, your
shown on your return.
The following rules apply if your refund is
direct deposit request will be rejected
Lines 5a and 6a
offset (used) to pay past-due federal tax
and a check will be sent instead.
or certain other debts.
• Your financial institution(s) will not
Enter the portion of your refund you want
Past-due federal tax. If you owe past-
allow a joint refund to be deposited to an
to use to buy bonds for yourself, your
due federal tax and your refund is offset
spouse, or someone else. This amount
individual account. The IRS is not
by the IRS to pay the tax, the past-due
must be a multiple of $50.
responsible if a financial institution
amount will be deducted first from any
rejects a direct deposit.
Lines 5b and 6b
deposit to an account on line 3, next
• You file your 2013 return after
Enter the owner’s name for this bond
from the deposit to the account on line
December 31, 2014.
registration. This can be you, your
2, and finally from the deposit to the
The IRS is not responsible for
▲
spouse, or someone else. However,
!
account on line 1.
a lost refund if you enter the
enter only one name. Enter the first
Other offsets. If you owe other past-due
wrong account information.
name followed by the last name and
amounts (such as state income tax, child
CAUTION
Check with your financial
place one space in between them. Use
support, spousal support, or certain
institution to get the correct routing and
the person’s given name and do not use
federal nontax debts, such as student
account numbers and to make sure your
nicknames. Use only letters and print
loans) subject to offset by the Treasury
direct deposit will be accepted.
clearly. Do not use special symbols.
Department’s Financial Management
Changes in Refund Due to
Lines 5c and 6c
Service (FMS), the past-due amounts will
Math Errors or Refund
be deducted first from the deposit to the
If you want to add a co-owner or
account with the lowest routing number.
beneficiary to this registration, enter their
Offsets
Any remaining amount due will be
name. This can be you, your spouse, or
The rules below explain how your direct
deducted from the deposit to the
someone else. However, enter only one
deposits may be adjusted.
account with the next lowest routing
name. Enter the first name followed by
number and then from the deposit to the
the last name and place one space in
Math Errors
account with the highest routing number.
between them. Use the person’s given
The following rules apply if your refund is
name and do not use nicknames. Use
If the deposit to one or more
▲
increased or decreased due to a math
!
only letters and print clearly. Do not use
of your accounts is changed
error.
special symbols.
due to a math error or refund
Refund increased. If you made an error
CAUTION
offset, and that account is
If this is a beneficiary designation, also
on your return and the amount of your
subject to contribution limits, such as an
check the box on line 5c or 6c.
refund is increased, the additional
IRA, HSA, Archer MSA, or Coverdell
Otherwise, co-ownership will be
amount will be deposited to the last
ESA, or the deposit was deducted as a
assumed.
account listed. If you asked that your
contribution to a tax-favored account on
If you complete line 5 or 6, you are
refund be split among three accounts,
your tax return, you may need to correct
consenting to have the bonds issued
any increase will be deposited to the
your contribution or file an amended
using the following two-step process.
account on line 3. If you asked that your
return.
refund be split among two accounts, any
1. The bonds will be issued in
Example. You deduct $1,000 on your
increase will be deposited to the account
electronic form in your name (and your
2013 tax return for an IRA contribution.
on line 2.
spouse’s name if filing jointly). You will
The contribution is to be made from a
not receive these bonds or any notice
Example. Your return shows a refund
direct deposit of your 2013 refund. Due
regarding this part of the process.
of $300 and you ask that the refund be
to an offset by the FMS, the direct
split among three accounts with $100 in
2. The bonds will be immediately
deposit is not made to your IRA. You
each account. Due to an error on the
reissued in the names you have
need to correct your contribution by
return, your refund is increased to $350.
requested and mailed to you.
contributing $1,000 to the IRA from
The additional $50 will be added to the
another source by the due date of your
deposit to the account listed on line 3.
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