Latest / North Star Tax and Legal Briefing
Funding a Child’s Trump Account? The IRS Just Drew the Gift Tax Line, and It Is Narrower Than You Think
Trump Accounts opened for contributions this summer, and the IRS's new Revenue Procedure 2026-25 safe harbor decides whether funding one is a reportable gift. This episode walks through the five all-or-nothing conditions, the routine family moves that quietly break the harbor, and the sequencing rule that keeps a family's contributions clean. Read the full analysis with citations at https://nm-legal.net/trump-accounts-gift-tax-safe-harbor-rev-proc-2026-25/
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.