Notice2026-08228
Agency Information Collection Activities; Comment Request on IRA and Trump Account Contribution Information
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
April 28, 2026
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice.
Full Text
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<title>Federal Register, Volume 91 Issue 81 (Tuesday, April 28, 2026)</title>
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[Federal Register Volume 91, Number 81 (Tuesday, April 28, 2026)]
[Notices]
[Pages 22914-22915]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-08228]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Information Collection Activities; Comment Request on IRA
and Trump Account Contribution Information
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice of information collection; request for comments.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the
IRS is inviting comments on the information collection request outlined
in this notice.
DATES: Written comments should be received on or before June 29, 2026
to be assured of consideration.
ADDRESSES: Direct all written comments to Andres Garcia, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224, or by email to <a href="/cdn-cgi/l/email-protection#cfbfbdaee1aca0a2a2aaa1bbbc8fa6bdbce1a8a0b9"><span class="__cf_email__" data-cfemail="275755460944484a4a42495354674e555409404851">[email protected]</span></a>. Include ``OMB Control No.
1545-0747'' in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: View the latest drafts of the tax
forms
[[Page 22915]]
related to the information collection listed in this notice at <a href="https://www.irs.gov/draft-tax-forms">https://www.irs.gov/draft-tax-forms</a>. Requests for additional information or
copies of this collection should be directed to Kerry Dennis, (202)
317-5751.
SUPPLEMENTARY INFORMATION: The IRS, in accordance with the Paperwork
Reduction Act of 1995 (PRA) (44 U.S.C. 3506(c)(2)(A)), provides the
general public and Federal agencies with an opportunity to comment on
proposed, revised, and continuing collections of information. This
helps the IRS assess the impact and minimize the burden of its
information collection requirements. Comments submitted in response to
this notice will be summarized and/or included in the request for OMB
approval. All comments will become a matter of public record, and
viewable on relevant websites. For this reason, please do not include
in your comments information of a confidential nature, such as
sensitive personal information. Comments are invited on: (a) Whether
the collection of information is necessary for the proper performance
of the functions of the agency, including whether the information shall
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the collection of information; (c) ways to enhance the
quality, utility, and clarity of the information to be collected; (d)
ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology; and (e) estimates
of capital or start-up costs and costs of operation, maintenance, and
purchase of services to provide information.
Title: Comment Request on IRA and Trump Account Contribution
Information.
OMB Control Number: 1545-0747.
Form Numbers: 5498 and 5498-TA.
Abstract: Form 5498 is used by trustees and issuers to report
contributions to, and the fair market value of, an individual
retirement arrangement (IRA). The information on the form will be used
by IRS to verify compliance with the reporting rules under regulation
section 1.408-5 and to verify that the participant in the IRA has made
the contribution that supports the deduction taken. The origination of
the new Form 5498-TA is to comply with the requirements set forth in
Public Law 119-21, Sec.70204 and IRC Section 530A(i) which established
Trump Accounts and contribution pilot programs. Form 5498-TA reports
contributions, rollovers, basis or investment in the contract, and the
fair market value (FMV) of the account for the calendar year shown on
the form and is furnished by the trustee of the Trump account.
Current Actions: Burden has increased due to the addition of new
Form 5498-TA.
Type of Review: Revision of a currently approved collection.
Affected Public: Businesses or other for-profits organizations.
Form 5498:
Estimated Number of Respondents: 25,000.
Estimated Number of Responses: 141,568,500.
Estimated Time per Response: 25 minutes.
Estimated Annual Burden Hours: 58,043,085 hours.
Form 5498-TA:
Estimated Number of Responses: 45,000,000.
Estimated Time per Response: 10 minutes.
Estimated Annual Burden Hours: 7,650,000 hours.
Total Estimates:
Estimated Number of Responses: 186,568,500.
Estimated Total Annual Burden Hours: 65,693,085 hours.
Dated: April 22, 2026.
Kerry Dennis,
Tax Analyst.
[FR Doc. 2026-08228 Filed 4-27-26; 8:45 am]
BILLING CODE 4831-GV-P
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