Strategic Use of Trump Accounts: Planning Opportunities for Tax Professionals

Overview

This course provides tax and accounting professionals with a focused overview of Trump Accounts and their practical application in client planning. Participants will examine eligibility requirements, contribution rules, tax treatment, and reporting considerations.

Through practical examples, the course emphasizes evaluating suitability, identifying planning opportunities, and avoiding common compliance pitfalls when incorporating Trump Accounts into client strategies.

*Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to terri.storer@acpen.com

Highlights

• Overview of Trump Account structure and purpose
• Eligibility and contribution limitations
• Tax treatment and reporting considerations
• Planning strategies for individuals and businesses
• Common pitfalls and audit considerations

Prerequisites

Basic knowledge of individual taxation 

Designed For

CPAs, EAs, tax professionals, and attorneys, as well as other financial professionals involved in tax planning and client advisory services 

Objectives

• Identify eligibility requirements and contribution rules applicable to Trump Accounts
• Determine the tax treatment and reporting requirements associated with Trump Accounts
• Evaluate planning opportunities for incorporating Trump Accounts into client strategies
• Recognize common compliance risks and errors related to Trump Accounts

Preparation

None