Ill. Admin. Code tit. 86, § 105.620 - Direct Deposit Responsibilities
Electronic filers who function as electronic return originators as defined in Section 105.200(a) must:
a) Assure that the taxpayer is aware of all
the general information regarding a direct deposit;
b) Not charge a separate fee for direct
deposit;
c) Accept any direct
deposit authorization to any eligible financial institution designated by the
taxpayer. For the purpose of direct deposit of tax refunds, eligible financial
institution is defined as a state or national bank, savings and loan
association, mutual savings bank, or credit union that accepts direct deposits
(sometimes called electronic funds transfers). "State" includes all states in
the United States and their political subdivisions, and the District of
Columbia;
d) Assure that the
taxpayer qualifies for direct deposit; to qualify for direct deposit a taxpayer
must:
1) Have the return electronically filed
by an electronic return originator who is accepted in the Illinois program;
and
2) Provide to the electronic
return originator proof of account from the financial institution that the
taxpayer designates to receive the direct deposit. The account specified to
receive the direct deposit must be in the taxpayer's name;
e) Obtain proof of account from the taxpayer.
Acceptable proof of account is a check (a photocopy is acceptable) or a form,
report or statement generated by the financial institution. A deposit slip is
not an acceptable proof of account. The proof of account document must contain
the following preprinted information:
1)
Account name (name as on the account in the records of the financial
institution);
2) Account
number;
3) Name of financial
institution or branch name; and
4)
Routing transit number (RTN) of the financial institution;
f) Verify that the taxpayer's direct deposit
information on Form IL-8453 is correct, and that the information entered is the
information that is transmitted in the electronically filed IL-1040;
and
g) Caution the taxpayer that
once the electronic return has been acknowledged as accepted by the Department,
the direct deposit authorization cannot be rescinded, nor can changes be made
to the routing transit number of the financial institution or the taxpayer's
account number.
Notes
Added at 21 Ill. Reg. 2362, effective February 3, 1997
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