Surgent's Trump Accounts Created by OBBBA: A Comprehensive Guide for Accounting and Finance Professionals

Overview

Many clients are asking their advisors about Trump Accounts, one of the most anticipated yet misunderstood provisions of the One Big Beautiful Bill Act (OBBBA). This program will provide practitioners with the background to be able to advise their clients regarding how Trump Accounts operate. The course will also discuss the comparison between Trump Accounts and other accounts, such as 529 Plans and Roth IRAs. In addition, coverage will be provided on how the pilot program will function to give $1,000 to newborns.

Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Basic

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.

Highlights

Establishing and administering a Trump Account
Who can make contributions to a Trump Account
Limits on contributions to a Trump Account
Employer contributions to a Trump Account
Participation in the pilot program
What a Trump Account can invest in
Basis tracking for after-tax contributions
Taxation of distributions from a Trump Account
Rolling a Trump Account into another account
The potential advantages and disadvantages of having a Trump Account
Opting out of a Trump Account
Issues impacting a Trump Account, such as distribution, when the beneficiary turns 18

Prerequisites

None

Designed For

All accounting and finance practitioners

Objectives

Expertly advise clients regarding the latest on Trump Accounts emanating from OBBBA