About Form 4547, Trump Account Election(s) | Internal Revenue Service
Summary: Form 4547 is an IRS document used by parents or guardians to open a Trump account for an eligible child and to request a one-time $1,000 Pilot Program Contribution.
Form 4547 (December 2025), titled 'Trump Account Election(s),' allows parents, guardians, or authorized individuals to establish a Trump account for an eligible child. The form requires the responsible party to provide personal and child information, including Social Security numbers and contact details. Additionally, it includes a section for electing to receive a $1,000 Pilot Program Contribution for children born between 2025 and 2028 who meet specific citizenship and eligibility criteria. The form also includes a consent section for the IRS and Treasury to manage and disclose account information to authorized parties.
Document outline
1. Part I: Parent/Guardian or Other Authorized Individual Information 2. Part II: Child’s Information 3. Part III: Pilot Program Contribution Election 4. Part IV: Consent to Disclose Information 5. Sign Here (Declaration of Taxpayer and Paid Preparer)