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Form 4547 explained: how to fill it out, part by part

By Aaron Houston · Last checked 2026-10-25 against IRS and Treasury sources

Is Form 4547 legitimate?

Yes. It is an official IRS form used to request an account for a child who does not have one, and to request the $1,000 contribution (IRS: Trump Accounts FAQ, IRS: About Form 4547). If your child was auto-enrolled, you do not need it just to open the account; you still need it (or the app) to elect the $1,000 (IRS: Trump Accounts FAQ).

Ways to submit

Part by part (IRS: Instructions for Form 4547)

Part What goes there Tips
I: Your information Name, address, SSN of the parent/guardian or other authorized individual If your name changed (marriage, divorce), report it to SSA before filing
II: Child's information Child's name, SSN, relationship, address Name and SSN must match the child's Social Security card. Line 6: check if you are authorized to open the account. More than two children: attach extra copies
III: Pilot election (line 7) Check for each eligible child who should get the $1,000 Only children born 2025-2028 who meet the rules
IV: Consent Authorizes IRS, Treasury and agents to create the account and share status Required
Signature Sign and date Paper forms need a handwritten signature; typed or digital ones are not valid on paper

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