Trump Accounts and Gift Taxes: New IRS Safe Harbor Rules
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Gain a practical understanding of Trump Accounts established under the One Big Beautiful Bill Act and the federal gift tax rules that apply to contributions made to these accounts. This webinar explores eligibility requirements, contribution limits, tax treatment, investment and distribution rules, and important compliance considerations that practitioners need to understand. Participants will receive a comprehensive overview of how Trump Accounts function and the latest guidance affecting contributions and account administration.
The program also examines the federal gift tax implications of funding Trump Accounts, including the annual gift tax exclusion, taxable gift considerations, reporting requirements, and planning opportunities for parents, grandparents, and other contributors. Special attention will be given to IRS Rev. Proc. 2026-25 and its new safe harbor provisions, helping attendees identify strategies to maximize tax-efficient contributions while minimizing reporting obligations.
Your Benefits For Attending- Understand the eligibility requirements, contribution limits, and operational rules governing Trump Accounts.
- Identify the five types of contributions that can be made to Trump Accounts and determine who qualifies for the Trump Account pilot program.
- Recognize what constitutes a taxable gift and apply the annual gift tax exclusion rules to Trump Account contributions.
- Learn the required tax forms, reporting procedures, and compliance considerations associated with funding Trump Accounts.
- Examine IRS Rev. Proc. 2026-25 and understand how the new gift tax safe harbor may be used to support tax-efficient planning strategies.
Attending this webinar will provide valuable insights into the intersection of Trump Accounts and federal gift tax rules, enabling you to better advise clients and navigate evolving compliance requirements. You'll leave with practical knowledge to help maximize contribution opportunities while reducing potential reporting challenges.
Topics Covered:- Eligibility rules for Trump Accounts
- Five types of contributions that can be made to Trump Accounts
- Who qualifies for the Trump Account pilot program
- What constitutes a taxable gift
- Annual gift tax exclusion
- Required tax forms and reporting procedures
- IRS Rev. Proc. 2026-25: Safe harbor for certain contributions to Trump Accounts
Format: Group Internet Based
Instructional Method: Live Webcast
NASBA Field of Study: Taxes (2 hours)
Program Prerequisites: None
Advance Preparation: No
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Lori Borek
Lori Borek, CPA, is a seasoned tax accountant and Chief Operating Officer of The Borek Group, LLC. Lori recently retired from the Internal Revenue Service after a distinguished 34-year career in federal tax administration. She served in multiple critical roles at the IRS, including Revenue Agent in [...] -
Chuck Borek
Chuck Borek is a practicing attorney and founder of the Borek Group, LLC. Chuck is also a CPA, and his background includes five years as a partner in a public accounting firm. He received his law degree and MBA summa cum laude from the University of Baltimore in 1993, where he was editor [...]
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