Forms 4547 and 8879-TA for Trump Accounts

As discussed on pages 47 to 50 of the Tax Year 2025 M+O=CPE Individual Tax Reference Book, Trump accounts are effective for the 2026 and later tax years and are for children under the age of 18 as of the close of the calendar year. We also discussed these accounts in our prior post on December 9, 2025.

Parents and guardians that wish to make the election to open a Trump account and to elect to receive the $1,000 contribution from the U.S. federal government that is available for children born during 2025 through 2028 can include Form 4547, Trump Account Elections, with their 2025 federal income tax returns.

The IRS has issued Form 8879-TA, IRS e-file Signature Authorization for Form 4547, Trump Account Election(s), and the instructions for this form indicate that practitioners must obtain the signature of taxpayers on Form 8879-TA in order to e-file returns that include Form 4547, in addition to obtaining the signature of taxpayers on Form 8879, IRS e-file Signature Authorization, which must always be signed prior to e-filing federal income tax returns.