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Official form guide
Form 4547-SP: 4547 (sp)
IRS Form 4547-SP is used to elect a Trump Account for an eligible child. The parent or authorized guardian completes Parts I, II and IV, and may receive a $1,000 pilot contribution. The election can be filed at any time, including with the current‑year tax return.
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IRS Form 4547-SP - 4547 (sp)
IRS Form 4547-SP is used to elect a Trump Account for an eligible child. The parent or authorized guardian completes Parts I, II and IV, and may receive a $1,000 pilot contribution. The election can be filed at any time, including with the current‑year tax return.
Risk Radar
Scan points- 1An incorrect or missing SSN/ITIN will prevent the Trump Account election from being processed.
- 2Providing an incorrect or missing Social Security Number for the child.
- 3Failing to ensure the parent’s name and SSN match the Social Security card.
- 4Not marking the address‑same box when the child lives at the parent’s address.
- 5Leaving the pilot‑program contribution box on line 7 of Part III unchecked for an eligible child.
Plain English
This form lets a parent or guardian open a Trump Account for a child who qualifies. You provide your information and the child’s details, then submit it with your tax return. If the child gets the pilot program, you can claim a $1,000 contribution.
Submission Date
- Filing date: 2026-01-13 16:10:54
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when you need to elect an initial Trump Account for an eligible child, or to elect a $1,000 pilot program contribution to that account.
Form selector
Use this form or another form?
Need a representative to sign Form 4547
Authorizes the representative to sign on your behalf
✓ Verify a power of attorney (Form 2848) is attached
Electing an initial Trump account for a child
Establishes the Trump account for the eligible child
✓ Confirm Part I, II, and IV are completed and the form is dated
Electing the $1,000 pilot program contribution
Triggers the Treasury contribution to the child’s Trump account
✓ Ensure lines 6 and 7 are checked and Parts II, III, and IV are completed
Deadline or filing window
The filing can be made at any time; there is no specific deadline tied to the election. Because it may be submitted with the current‑year tax return, no separate extension is required.
Checklist
What you need before filling it out
Part I – Información del individuo autorizado
Nombre, dirección y relación del individuo autorizado · Parte I del Formulario 4547
Part II – Información del hijo beneficiario
Nombre, fecha de nacimiento y número de Seguro Social del hijo · Parte II del Formulario 4547
Part IV – Elección de aportación del programa piloto
Indicación de la elección de la aportación de $1,000 · Parte IV del Formulario 4547
Sección del fiduciario
Información del fiduciario (banco o persona aprobada por el IRS) · Instrucciones del formulario
Periodo de Crecimiento – Fechas
Fecha de inicio y fin del período de crecimiento del hijo · Instrucciones del formulario
Before you submit
- 1Complete Part I with the authorized individual’s name, address, and relationship
- 2Complete Part II with the child’s name, birthdate, and Social Security number
- 3Complete Part IV to indicate election of the $1,000 pilot contribution if applicable
- 4Verify the child meets eligibility requirements for a Trump Account
- 5Verify the child meets eligibility for the pilot contribution (if elected)
- 6Sign the form
- 7Date the form
- 8Retain a copy of the completed Form 4547 for your records
How to file this form
- 1Fill out Part I with authorized individual information
- 2Fill out Part II with child beneficiary details
- 3Fill out Part IV to elect the pilot contribution if desired
- 4Sign and date the completed Form 4547
- 5Mail the signed form to the IRS address listed in the instructions and keep a copy as proof of filing
Known limitations
- 1Form 4547 applies only to a child who is eligible for a Trump account — Instructions p.1
- 2Form 4547 cannot be used if a prior Trump account election has already been made for the child — Instructions p.1
- 3Only an authorized individual (parent, legal guardian, or other authorized person) may file; any qualified individual may file if no prior election exists — Instructions p.1
- 4Paper filing requires a handwritten signature; digital, electronic, or typed signatures are not valid — Instructions p.4
- 5If the filer’s name has changed, the change must be reported to the Social Security Administration before filing — Instructions p.3
- 6If a representative signs, a power of attorney (Form 2848) must be attached to specifically authorize the representative — Instructions p.4
Field map
Compact field-by-field guide
General Info
2 items
Full legal name and taxpayer identification number (SSN or EIN).
Current mailing address.
Details
2 items
Complete all applicable sections of this form according to the official IRS instructions.
Enter the relevant dollar amount if this form involves tax calculation.
Certification
1 items
Read and acknowledge any certifications required by this form.
Signatures
1 items
Sign and date. Unsigned forms cannot be processed.
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Fillable formOpen in Editor->The form is revised in diciembre de 2025 and the instructions direct users to IRS.gov/Form4547SP for the most recent information; no specific changes are detailed in the source.
What changed or needs a fresh check
- Edition date — confirm the revision reads diciembre de 2025
- Fee — Not stated in the official source
- Mailing address — Not stated in the official source
- Signature — Not stated in the official source
Quick Facts
Downloads
After you file
- 1Keep a signed copy of Form 4547 for your records
- 2Retain any power of attorney (Form 2848) if a representative signed the form
- 3Ensure the form is dated as required
- 4Confirm the signature on a paper filing is handwritten, not digital or typed
- 5Expect a notice from the Treasury or its agent with activation information for the Trump account
- 6Maintain the activation notice and related correspondence for future reference
- 7If a mistake is discovered, prepare and submit a corrected Form 4547 following the same filing requirements
Sources
- SRCInstructions p.1 — purpose of Form 4547 to elect a Trump account for an eligible child
- SRCInstructions p.1 — any authorized individual may make the election if no prior election exists
- SRCInstructions p.1 — authorized individual must list information in Part I and complete Parts II and IV
- SRCInstructions p.4 — handwritten signature required for paper filing; digital signatures not valid
- SRCInstructions p.3 — must notify SSA of name change before filing
- SRCInstructions p.4 — power of attorney (Form 2848) required if a representative signs
- SRCForm p.1 — pilot program contribution of $1,000 indicated on line 7 of Part III
- SRCInstructions p.5 — maintain records (time estimate line "Mantener los registros")
- SRCInstructions p.5 — comments can be sent via IRS.gov/FormComments or mailed to IRS address
- SRCNot stated in the official source — verify on the agency site
Common confusion points
Who can sign the Form 4547?
Multiple people may be authorized, but the signer must be the individual listed in Part I.
→ Verify that the Part I individual signed in ink.
Can I file the Form 4547 electronically?
The instructions note that digital signatures are not valid for paper filing and reference separate electronic requirements.
→ Use the IRS‑approved electronic filing method or submit a paper form with a handwritten signature.
Do I need to notify the SSA of a name change before filing?
Instructions require notifying the Social Security Administration before submitting the form if the name has changed.
→ Confirm SSA has been notified prior to sending the form.
What address should I use if the child lives elsewhere?
The form asks to mark a box if the child lives with you; otherwise you must fill the child’s address in lines 5a‑5i.
→ Mark the box when applicable or complete the child’s separate address fields.
Do I need a separate Form 4547 for each child?
The form instructions state to complete Parts I, II, and IV for each eligible child.
→ File an individual Form 4547 for each child you wish to elect a Trump account for.
Is Form 2848 required when a representative signs?
A power of attorney (Form 2848) is required to specifically authorize a representative to sign.
→ Attach a completed Form 2848 with the appropriate authority.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Form 2848 – amend or replace the power of attorney if the representative changes
Questions about IRS Form 4547-SP
What is IRS Form 4547-SP used for?
This form lets a parent or guardian open a Trump Account for a child who qualifies. You provide your information and the child’s details, then submit it with your tax return. If the child gets the pilot program, you can claim a $1,000 contribution.
Who must file IRS Form 4547-SP?
A parent, legal guardian, or other authorized individual who has an eligible child must file IRS Form 4547-SP.
What information does IRS Form 4547-SP require?
The form collects the filer’s personal data in Part I and the child’s name, SSN or ITIN, birth date, relationship, and address in Part II, plus optional pilot‑program election in Part III.
When is IRS Form 4547-SP due?
It can be filed at any time, even when you file your current‑year income tax return.
Where do I file IRS Form 4547-SP?
Submit the form electronically by attaching it to your e‑filed current‑year tax return, the fastest and preferred method.
How do I complete IRS Form 4547-SP?
First, verify that the parent’s name and SSN match the Social Security card. Next, fill Part I with the parent’s name, SSN, address, birth date, phone and email. Then complete Part II for each child, including the child’s SSN or ITIN, birth date, relationship and address, marking if the address is the same as the parent’s. If you want the $1,000 pilot contribution, check the box on line 7 of Part III. Finally, attach the completed form to your electronically filed tax return and submit.
What happens if IRS Form 4547-SP is filed incorrectly?
Providing an incorrect or missing SSN or ITIN can stop the election from being processed.
Who can sign the Form 4547?
Multiple people may be authorized, but the signer must be the individual listed in Part I. Verify that the Part I individual signed in ink.
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