IRS Issues Draft Form for Direct Deposit of Tax Refunds to IRAs

August 29, 2006 – The IRS has issued a news release (IR-2006-134) and draft version of new Form 8888, Direct Deposit of Refund. The form will allow taxpayers to split their tax refund between multiple accounts, including having some, or all, deposited to an IRA. The IRS is seeking public comment on the draft form. The news release and draft form may be accessed as follows.

http://www.irs.gov/newsroom/article/0,,id=161331,00.html

http://www.irs.gov/pub/irs-dft/f8888–dft.pdf