IRS Form 8050 charity direct deposit information

In brief

  • AICPA wants the IRS to clarify that Form 8050 should not be included in public copies of certain exempt-organization tax returns.

  • The form collects direct deposit information for tax-exempt and government-entity refunds, including bank account details.

  • The practical issue for firms is simple: refund-routing data should not accidentally become public disclosure material.

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