Trump Accounts Created by OBBBA: A Comprehensive Guide Webcast [TAC2]
Time: 10:30am-12:10pm
Subject:
TaxationCredit Hours:
2.00Price:
Member: $120.00
Non-member: $150.00
Discussion Leader:
Joseph Nicola, CPA
more info
Joe Nicola is a Tax Partner with more than thirty-five years of experience in public accounting. Joe has experience in many diverse areas of taxation, including the taxation of and planning for individuals, family offices, and various forms of business entities, such as corporations, partnerships, and limited liability companies. Joe is particularly experienced in federal and multi-state tax matters that affect numerous industries and niches, including private equity, investments, natural resources, manufacturing, distribution, high technology, securities, and start-up businesses. He has consulted on technically complex matters, such as retirement planning, succession planning in the context of a family office, securities, partnership and corporate reorganizations and liquidations, and international tax matters. While in public practice, Joe also served for many years as an adjunct member of the faculty with Duquesne University's MBA and Master of Science in Taxation/Accountancy programs, as well as with Robert Morris University's Master of Taxation program. His course load included Corporate Taxation, Advanced Corporate Taxation, Reorganizations (Mergers and Acquisitions), Taxes as a Basis of Managerial Decisions, and Taxation of Derivatives. He is also a published author of CPE/CLE texts and industry articles, and a frequent professional speaker. Mr. Nicola received his BS degree in Business Administration from Robert Morris University and his JD degree from the University of Pittsburgh School of Law.
closeWebsite registration for this course closes on December 2, 2025. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
Trump Accounts Created by OBBBA: A Comprehensive Guide for Accounting & Finance Professionals Webcast (TAC2)December 3rd, 2025 / 10:30 am 12:10 pm
Live Webcast / Zoom
Many clients are asking their advisors about Trump Accounts, one of the most anticipated yet misunderstood provisions of the One Big Beautiful Bill Act (OBBBA). This program will provide practitioners with the background to be able to advise their clients regarding how Trump Accounts operate. The course will also discuss the comparison between Trump Accounts and other accounts, such as 529 Plans and Roth IRAs. In addition, coverage will be provided on how the pilot program will function to give $1,000 to newborns.
Major Topics:
- Establishing and administering a Trump Account
- Who can make contributions to a Trump Account
- Limits on contributions to a Trump Account
- Employer contributions to a Trump Account
- Participation in the pilot program
- What a Trump Account can invest in
- Basis tracking for after-tax contributions
- Taxation of distributions from a Trump Account
- Rolling a Trump Account into another account
- The potential advantages and disadvantages of having a Trump Account
- Opting out of a Trump Account
-Issues impacting a Trump Account, such as distribution, when the beneficiary
Learning Objectives:
Expertly advise clients regarding the latest on Trump Accounts emanating from OBBA
Designed For: All accounting and finance professionals
CPE Credits: 2, Taxation
Level of Knowledge: Basic
Prerequisite: None
Acronym: TAC2
Discussion Leader: Joseph Nicola, CPA
