- The notice covers an extension of OMB Control Number 1545-2336 with no changes to the existing collection.
- Form 4547 and Form 8879-TA are used by eligible individuals or responsible parties to claim the $1,000 pilot program contribution.
- Written comments must be received by December 7, 2026, to be assured of consideration.
- The collection stems from temporary regulations under section 530A added by Public Law 119-21 enacted July 4, 2025.
Background on the Collection
The Internal Revenue Service issued a notice on October 7, 2026, inviting comments on a proposed information collection related to Trump Account elections.
This request follows the addition of IRC Section 530A by Section 70204 of Public Law 119-21, known as the One, Big, Beautiful Bill Act, enacted on July 4, 2025. The section allows for the establishment of Trump accounts for eligible individuals and includes rules on investments.
The temporary regulations address reporting by account beneficiaries or responsible parties to claim an auto account, as well as third-party disclosures and recordkeeping requirements from trustees regarding delisting events.
Forms and Estimated Burden
Form 4547 and Form 8879-TA are the instruments used to make elections and claim the $1,000 pilot program contribution.
The collection applies to individuals or households, businesses, and for-profit organizations. The IRS estimates 148,498,585 responses, each taking an average of 2 hours and 5 minutes, resulting in 71,188,310 total annual burden hours.
This is an extension of a currently approved collection under OMB Control Number 1545-2336 with no changes from the previously approved version.
Submitting Comments
Interested parties should send written comments by December 7, 2026, to ensure they receive consideration. The IRS is specifically seeking feedback on whether the collection is necessary and has practical utility, the accuracy of burden estimates, ways to enhance information quality and clarity, methods to reduce respondent burden, and estimates of capital or start-up costs.
All comments will be summarized, may be included in the OMB approval request, and will become a matter of public record.
Readers with existing separate tax-debt questions unrelated to Trump Account elections may contact Republic Tax Relief for a free, no-obligation initial consultation about the scope of its private tax-resolution services for IRS or state tax issues, including suitability, fees, and availability of help communicating with the IRS.
Announcement covered: Oct 7, 2026.
General information only, not individual tax, legal, or financial advice. Rules, deadlines, and eligibility depend on your circumstances. Check current official guidance or consult a qualified professional.
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