Flow of Bank Account Data for Refund Type 5

When the preparer enters Refund Type 5 on Form 8879

The preparer has chosen Refund Type 5 for a bank product; this means the fees for preparation will be taken from the IRS funded return.
How does the IRS or the Bank know how to route that refund??

Data on Form 8879 & the Fed 1040

Data auto-populates based off bank info pushed from Central site.  This data should NOT be altered & if it has been the EFIN should be refreshed to re-populate the correct data. 
KB 716 How to reload an EFIN

Data on Bank Application

The distribution method is VERY important on this form. The preparer must select how the taxpayer wants to receive the funds. Following the prompts, the program displays for each distribution type.

The example below is Direct Deposit to the taxpayers' bank account that would have been entered in on the client data form.

Article ID: 781
Created: Wed, Feb 19, 2020
Last Updated: Fri, Mar 17, 2023

Online URL: //kb.erosupport.com/article-781.html