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Electronic payments. If you have access to U.S. banking services or electronic payment systems, you should use direct deposit for any refunds. The IRS recommends paying electronically whenever possible. For more information about electronic payments, see Tax Payments , later.

Direct deposit for overpayments. For direct deposit for an overpayment, attach Form 8050, Direct Deposit of Tax Exempt or Government Entity Tax Refund to Form 4720. See Part III, Line 4 under Specific Instructions for Page 1, later.