Ines Zemelman

If you're a taxpayer, you may have wondered about your chances of being audited by the IRS. While the audit rate for individual taxpayers has generally been declining in recent years, it's still important to understand the factors that can increase your risk and take steps to reduce them. In this article, we'll provide a compr...

Having covered the full mechanics of the Trump Account, its comparison with 529, what to do when your child turns 18, down to the exit strategies in case you are no longer interested, article 8 in our ...

This article compares Trump Accounts to the traditional ways families have saved for children: regular savings accounts, UGMA/UTMA custodial accounts, and trusts. The question every parent asks I can already open a savings account in my child's name at any bank. I can set up a custodial account. I can create a trust.&nbs...

Previously in this series, Articles 1–5 covered filing urgency, account mechanics, tax treatment, age 18 transitions, and comparisons with 529 plans. Now we turn to flexibility. What happens if your plans change? Understanding your exit options is essential before making long-term commitments. ...

Previously in this series: Articles 1–2 covered why to act now and how Trump Accounts work mechanically. The tax treatment paradox Trump Accounts occupy an unusual middle ground in the tax-advantaged account landscape: ...

Previously in this series, Articles 1–3 covered filing urgency, account mechanics, and tax treatment. Now we turn to the most important transition point: what happens when your child turns 18. The big transition: What happens at age 18 January 1 of the year your child turns 18 marks a fundamental shif...