Federal Register #2026-20538

IRS request for comments on Trump Account election information collection

The Internal Revenue Service is seeking public comments on information collection requirements for Trump Account elections. - Government buyer: U.S. Department of the Treasury, Internal Revenue Service (IRS). - Notice purpose: The IRS is requesting comments on the information collected for Trump Account elections; this is a regulatory information-collection notice, not a procurement opportunity. - Forms and information covered: Forms 4547 and 8879-TA are used to make elections related to the $1,000 pilot program contribution. The collection also covers reporting by account beneficiaries or responsible parties, and trustee disclosures and recordkeeping related to delisting events. - Estimated annual burden: 148,498,585 responses and 71,188,310 burden hours. - OEMs and vendors: None identified. No products or services are being purchased.

Description

The Internal Revenue Service is requesting comments on an information collection under the Paperwork Reduction Act concerning Trump Account elections. Forms 4547 and 8879-TA will be used to make elections to claim the $1,000 pilot program contribution. The collection also involves reporting by account beneficiaries or responsible parties and trustee disclosures and recordkeeping related to delisting events. Written comments are due by December 7, 2026.

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