Federal Register #2026-08228

IRS Request for Comments on IRA and Trump Account Information Collection

This opportunity is a request for public comments from the Internal Revenue Service (IRS) regarding information collection for IRA and Trump Account contributions. - Government Buyer: - Internal Revenue Service (IRS), Department of the Treasury - Products/Services Requested: - No products or services are being procured - Request for feedback on information collection forms: - Form 5498 (IRA contributions and fair market value) - Form 5498TA (Trump Account contributions, per Public Law 11921, Sec.70204 and IRC Section 530A(i)) - Unique/Notable Requirements: - Public input is sought to improve the quality and reduce the burden of information collection - Forms are used to verify compliance with reporting rules and support participant deductions - No OEMs or vendors are involved, as this is not a procurement action

Description

The Internal Revenue Service (IRS) is requesting comments on the information collection related to IRA and Trump account contributions. This includes the use of Form 5498 to report contributions and fair market value of individual retirement arrangements, and the new Form 5498TA for Trump Accounts and contribution pilot programs. The collection aims to verify compliance with reporting rules and support deductions taken by participants. Comments are invited to improve the quality and minimize the burden of the information collection.

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