Description

Trump Accounts, created under OBBBA, are a new and evolving savings vehicle. Recent guidance, including Notice 2025-68 and proposed regulations, clarifies how these accounts are established and administered.

This program provides a practical overview of Trump Accounts, including eligibility, account establishment, contribution rules, and tax treatment. It explains the distinction between the account under IRC § 530A and the pilot contribution program under IRC § 6434, along with employer contributions and coordination across multiple funding sources.

Participants will also review investment limitations, distribution rules, and the transition to IRA treatment at age 18, as well as key planning considerations and compliance risks under current guidance.

Instructor: Denise Appleby, MJ, APA, CISP, CRPS, CRC

Target Audience

All accounting and finance practitioners

Course Objectives

Identify the requirements for establishing a Trump Account under IRC § 530A

Distinguish between the Trump Account structure and the pilot contribution program under IRC § 6434

Determine eligibility for both account establishment and pilot program contributions

Apply contribution rules, including employer contributions and aggregate limits, to client scenarios

Evaluate the tax treatment of contributions and distributions from Trump Accounts

Recognize investment limitations and operational rules during the growth period

Analyze how Trump Accounts compare to other savings vehicles for planning purposes

Subjects

Establishing and administering a Trump Account under § 530A

Election requirements and the Form 4547 process

Structural distinction between Trump Accounts and the pilot contribution program (§ 6434)

Eligibility rules for account opening and pilot contributions

Contribution types, limits, and coordination across multiple sources

Employer contributions under § 128

Investment limitations during the growth period

Basis tracking and tax treatment of contributions

Distribution rules before and after age 18

Transition to traditional IRA rules

Comparison with 529 plans, Roth IRAs, and custodial accounts

Planning opportunities and potential compliance risks

Areas where guidance remains incomplete under proposed regulations