I am e-filing the returns for my minor children, for which they owe taxes. I plan to use the direct debit option to pay the amounts.
For this option, does the bank account used for the direct debit need to be in the name of the filer (i.e. my children's name)? I want to use my bank account, but I don't see anywhere in the interview process to specify my name on the bank account used for direct debit. If I use my bank account to direct debit on their returns, will there be any issue for the IRS to withdraw the owed tax amounts from it? If so, what would happen if they are unable to do the direct debit from the bank account? I already e-filed one child's return using my bank account for direct debit. Then, I thought of this possible issue right before I was going to e-file the other child's return.
Not sure if any of this matters, but my children and I do have the same last name. Also, I am using TurboTax Deluxe for Windows.
Thanks for any feedback on this.
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No, the name on the bank account for direct debit does not have to be the same as the taxpayer. Please click What is direct debit and how does it work? to learn more.
Just to give an update for anyone else who might be in the same situation, the direct debits for my children's returns did go thru fine using my bank account. They do have minor accounts at the same bank that are linked to my account so I don't know if that helped with the situation to allow the direct debits to go thru.
If there truly is no check to verify that a bank account used to do a direct debit is somehow associated to the tax filer, then that would seem a bit dangerous though. What's to stop anyone from doing a direct debit on some random person's bank account if they know the routing/account number for it?
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