IRS Announces Gift Tax Safe Harbor for Trump Account Contributions

Consider writing about:

Information released by the Internal Revenue Service late last month regarding a gift tax safe harbor involving the retirement accounts known as “Trump accounts;” what this safe harbor means for potential tax reporting obligations; personal criteria and other conditions that must be met in order for the safe harbor to apply; additional tax issues to consider when deciding whether to become involved with Trump accounts.

Related information:

https://www.irs.gov/newsroom/treasury-irs-provide-safe-harbor-for-certain-contributions-to-trump-accounts-under-the-working-families-tax-cuts