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personal refund in business acct?

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    personal refund in business acct?

    I have a single mom. She owns a daycare center with a business bank account. But she does NOT have a personal BK acct. She is 50% shareholder of the business. The name on the BK acct is something like "T & D Incorporated." Her being D and her partner being T.

    Can we send list her business BK account on the 1040 for direct deposit?

    thanks in advance

    (I know i can't use mine for her.)

    #2
    Originally posted by tacks View Post
    I have a single mom. She owns a daycare center with a business bank account. But she does NOT have a personal BK acct. She is 50% shareholder of the business. The name on the BK acct is something like "T & D Incorporated." Her being D and her partner being T.

    Can we send list her business BK account on the 1040 for direct deposit?

    thanks in advance

    (I know i can't use mine for her.)
    Negative. Bank account must be in taxpayer's name.
    ChEAr$,
    Harlan Lunsford, EA n LA

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      #3
      Thanks, ChEA.

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