Trump accounts aren't exactly 'tax-free,' as the president said. Here's how they work

Trump accounts are an investment account for kids, but the funds aren't tax-free. Here's what families need to know.

IRS Proposes Rules For Trump Accounts—What Families Need To Know

The proposed regulations explain how to open the accounts, who can request the federal $1,000 pilot contribution, and how the ...

Tax Implications of Putting an Investment Account in a Trust: Rules and Requirements

Placing an investment account in a trust can help manage assets and streamline inheritance, but it also introduces specific ...
Opinion
The Daily SignalOpinion

California Decides to Tax Trump Accounts—Here’s What Families Need to Know

The California Franchise Tax Board will refuse to treat newly created Trump Accounts as tax-deferred accounts for state tax purposes.
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Tax implications of holding a joint account with a parent

Adding your name to a parent's bank account may seem like a simple way to help manage their finances, but the tax consequences can be more complicated than most families expect. What starts as a ...
CNBC

This retirement account is an ‘IOU to the IRS’ — but here’s when it makes sense, expert says

Your pre-tax individual retirement account is subject to future income taxes on withdrawals, depending on your tax bracket. However, the funds could offer some "dry powder" — pre-tax money in ...
JournalofAccountancy

IRS advises of Tuesday deadline to maintain Business Tax Account access

Business Tax Account (BTA) designated officials must revalidate their accounts by Tuesday if they want to maintain access, the IRS said in a fact sheet posted Wednesday. To revalidate, designated ...