Home / Insights

#Section 530A

Plain-language notes on U.S. tax deadlines, IRS letters, cross-border reporting and running a small business, written by the CPAs who handle these questions every day.

Browse by topic

All topics198 YCL news, community & stories5 Tax law & IRS updates38 Individual & family tax35 Small business & company tax38 Foreign assets & reporting12 Going global: US companies27 Immigration & residency tax19 IRS notices & penalties24

Individual & family tax · Oct 26, 2026

Trump Accounts Are Auto-Enrolled: How Parents Claim the Account, Elect the $1,000 Seed on Form 4547 and Handle Notice CP318 (T.D. 10056, IRB 2026-44)

Treasury finished Trump Account auto-enrollment on October 1, 2026, so eligible children with an SSN now have an account that a parent must claim and activate in the official app before family or employer money can go in. U.S.-citizen children born 2025 through 2028 still need a separate Form 4547 election for the $1,000 seed, and T.D. 10056 (IRB 2026-44, October 26, 2026) sets the rules.

Read article

Your situation

Have a question about your own situation?

Every file is different. Book a free 15-minute consultation and a CPA will walk you through yours.

Articles are general information, not tax or legal advice for your specific situation.

Book a consultation Request a quote