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Official form guide
Form 4547-SP: 4547 (sp)
IRS Form 4547 is used to make elections for a Trump Account for eligible children. The form allows the filer to opt into receiving a Pilot Program Contribution of $1,000.
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IRS Form 4547-SP - 4547 (sp)
IRS Form 4547 is used to make elections for a Trump Account for eligible children. The form allows the filer to opt into receiving a Pilot Program Contribution of $1,000.
Risk Radar
Scan points- 1Ensure the name and SSN on Form 4547 exactly match the child's Social Security card information.
- 2Not verifying that the name and SSN match the Social Security card on Form 4547.
- 3Failing to provide an ITIN if the filer is a non-resident alien without an SSN.
- 4Forgetting to check the box in Part III line 7 to receive the $1,000 Pilot Program Contribution.
- 5Not updating the SSA with name changes (marriage/divorce) before filing Form 4547.
Plain English
This form tells the IRS that you want to open a Trump Account for your child. By filling out Form 4547 (sp), you are making official choices about how that account will be managed and funded. You can also request a special $1,000 contribution from the Pilot Program.
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 an authorized individual needs to make an election to establish a Trump Account for an eligible child.
- Do not use it when the only action is opening a Trump Account and no Pilot Program Contribution election is being made (though you can still fill out Part I, II, and IV).
- Check Form 4547 instead when making elections to establish a Trump Account or electing for a $1,000 Pilot Program Contribution.
Form selector
Use this form or another form?
Establishing the initial account
The form is used to make the election to set up the original Trump Account for an eligible child.
✓ Check Part I and II.
Electing for Pilot Program Contribution
This form allows electing for the $1,000 contribution from the U.S. Treasury into the child's Trump Account.
✓ Check instructions on p. 1.
Deadline or filing window
The filing window is open at any time, meaning there is no specific cutoff date mentioned. However, if an election applies to premature distributions under section 72(t), a 10% additional tax may apply unless an exception is applied for the child's distribution.
Checklist
What you need before filling it out
Purpose of Form
Election for initial Trump Account or Pilot Program Contribution ($1,000) · Instructions p. 1
Who must file (Filer Category)
Authorized Individual (Tutor, Parent, Adult Sibling, Grandparent in order of priority) · Instructions p. 1
Pilot Program Contribution Amount
$1,000 · Instructions p. 1
Filer Identity Rule (Single Account)
Authorized individual must be a legal guardian, parent, adult sibling, or grandparent of the child, in that order of priority. · Instructions p. 1
Growth Period End Date
December 31st of the year prior to the natural year the child turns 18. · Instructions p. 1
Before you submit
- 1Ensure the authorized individual completes Part I with their information.
- 2Verify that Parts II and IV are completed after filling out Part I.
- 3Confirm the election choice is for establishing an initial Trump Account or electing a Pilot Program Contribution.
- 4Check if the child meets requirements to receive the $1,000 Pilot Program Contribution (refer to "Pilot Program Contribution Election
- 5).
- 6Verify that the filer is listed in Part I as one of the eligible Authorized Individuals (guardian, parent, sibling, grandparent).
- 7Confirm the Trump Account has a trustee who is a bank or an IRS-approved nonbank fiduciary.
- 8Review the Growth Period dates to ensure they are calculated correctly based on the child's birth date.
How to file this form
- 1Complete Part I of Form 4547 by providing your information as the Authorized Individual making the election.
- 2Fill out Parts II and IV, ensuring you select the appropriate election for establishing the initial Trump Account or electing the Pilot Program Contribution.
- 3Confirm that the child listed in Part II is eligible to receive a Trump Account and, if applicable, the $1,000 contribution.
- 4Sign the Form 4547 (the form itself) before sending it to the IRS.
Known limitations
- 1The Form 4547 (sp) applies to a child eligible for a Trump Account, and the form must be completed for each such child if an account is being opened.
- 2To receive a Pilot Program Contribution of $1,000, the filer must check the box on line 7 of Part III.
- 3If more than one person qualifies as an authorized individual, they can make the election provided no prior Trump Account election has been made for the child.
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.
Almost done reviewing the fields?
Fillable formOpen in Editor->The current edition is Revision 12-2025, dated January 8, 2026. For the most recent information regarding IRS Form 4547 and its instructions, users should access IRS.gov/Form4547SP.
What changed or needs a fresh check
- Edition date — confirm the revision date reads 12-2025.
- Catalog Number — confirm it reads 96024I.
- Mailing address — Not stated in the official source (but IRS.gov is provided).
- Signature — ensure the authorized individual signs and completes all required parts.
Quick Facts
Downloads
After you file
- 1Keep a copy of the completed Form 4547 (sp).
- 2The time required to complete and file this form varies; the estimated time to prepare and send it to the IRS is 27 minutes.
- 3If filing in paper format, the signature must be handwritten by the filer on the Form 4547.
- 4If a representative signs the Form 4547 (sp) for you, a legal power document specifically authorizing that representative must be attached (Form 2848).
- 5The general information and tax declarations submitted with this form are confidential under Section 6103 of the Code.
Sources
- SRCInstructions p.1 — The purpose of Form 4547 is to make an election to establish a Trump Account for the exclusive benefit of a child eligible for a Trump Account.
- SRCInstructions p.1 — If more than one person qualifies, any authorized individual can make the choice if no prior election has been made for the child.
- SRCInstructions p.3 — When writing an address abroad, do not write any information on the city line other than the city name itself; complete the corresponding foreign address spaces below that line.
- SRCInstructions p.4 — The signature on Form 4547 must be in your own handwriting if filing a paper copy; digital or electronically typed signatures are not valid for paper submissions.
- SRCForm p.1 — Part I lists information about the Parent/Guardian or Other Authorized Individual who will be responsible for the Trump Account.
- SRCInstructions p.1 — The form is governed by the Code of Federal Taxes, unless otherwise indicated.
- SRCForm p.1 — For each eligible child, Parts I, II, and IV must be completed to open a Trump Account.
Common confusion points
Who can make the election if there are multiple qualified people?
Any authorized individual can make the choice, provided no prior Trump Account election has been made for the child.
→ Check Part I to confirm who is making the election.
What happens if a child lives with the filer?
The filer must check the box indicating the child lives at the address provided in Part I.
→ If the box isn't checked, ensure you complete lines 5a through 5i with the child's information.
Do my signatures have to be handwritten if I file on paper?
Yes, the signature on the Form 4547 must be in your own handwriting when filing a paper copy.
→ Verify that digital or electronically typed signatures are not used for paper submissions.
What is included in 'County' when filling out addresses?
The term 'county' includes a parish or any other subdivision equivalent to a state or territory of the United States.
→ Confirm this definition when writing the address, especially if filing internationally.
If I change my name (marriage/divorce), what must I do before filing?
You must notify the Social Security Administration (SSA) about the name change before submitting Form 4547.
→ Ensure your SSA records match the name on the Form 4547 you are filing.
What if someone else prepares the form for me?
Even if someone else prepares it, you remain responsible for the accuracy of the Form 4547.
→ Double-check all entries before signing and submitting.
Workflow map
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⚠ If something goes wrong
- If you have questions about the accuracy of time estimates or suggestions for simplification, comments can be sent via IRS.gov/FormComments.
Questions about IRS Form 4547-SP
What is IRS Form 4547-SP used for?
This form tells the IRS that you want to open a Trump Account for your child. By filling out Form 4547 (sp), you are making official choices about how that account will be managed and funded. You can also request a special $1,000 contribution from the Pilot Program.
Who must file IRS Form 4547-SP?
A parent or guardian must file IRS Form 4547 because they wish to open a Trump Account for a child who is eligible for one.
What information does IRS Form 4547-SP require?
Part I collects information about the responsible individual (the father/guardian); Part II provides details on each eligible child; and Part IV contains other necessary election information. The form also allows specifying if the child lives with the filer.
When is IRS Form 4547-SP due?
The Form 4547 can be presented at any time, even concurrently with filing an income tax return. For more details, including online options starting mid-2026, refer to trumpaccounts.gov.
Where do I file IRS Form 4547-SP?
The fastest, safest, and easiest way to file is by submitting Form 4547 along with your current year's tax return when filing electronically. If mailing, note the postal address only if your office does not deliver mail to your physical residence.
How do I complete IRS Form 4547-SP?
The filer completes Part I with their own details, then fills out Part II for each eligible child (including parentesco/relationship). If there are more than two children, multiple copies of Form 4547 are needed. The form must be completed in ink or typed format.
What happens if IRS Form 4547-SP is filed incorrectly?
Failing to provide an SSN or providing an incorrect one on Form 4547 could prevent the processing of the election choice. The name and SSN must match the information on the child's Social Security card.
Who can make the election if there are multiple qualified people?
Any authorized individual can make the choice, provided no prior Trump Account election has been made for the child. Check Part I to confirm who is making the election.
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