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June 6, 2019
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I have claimned self employment but it will not let me divide my refund into accounts to pay my preparer....why not

  • June 6, 2019
  • 1 reply
  • 23 views
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While Form 8888 can be used to divide a refund between bank accounts or into the purchase of U.S. Savings Bonds, the accounts must be in the name of the taxpayer named on the return.

Also, TurboTax products are intended to help individual taxpayers and small businesses prepare and file their own tax returns. TurboTax products are not licensed for use by paid tax preparers.

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Answer
June 6, 2019

While Form 8888 can be used to divide a refund between bank accounts or into the purchase of U.S. Savings Bonds, the accounts must be in the name of the taxpayer named on the return.

Also, TurboTax products are intended to help individual taxpayers and small businesses prepare and file their own tax returns. TurboTax products are not licensed for use by paid tax preparers.