IRS and Payroll Professionals: Partners in Every Paycheck - YouTube video text script

Transcript of SL Virtual Outreach Team Account 1 IRS and Payroll Professionals: Partners in Every Paycheck (2026 National Payroll Week) 
Sept. 8, 2026

Hello, and welcome to today’s webinar in honor of National Payroll Week titled IRS and Payroll Professionals: Partners in Every Paycheck. I see it’s the top of the hour and we’re so excited you’ve joined us today. My name is Christopher Green and I am a Stakeholder Liaison with the Internal Revenue Service. I will be your moderator for today’s webinar, which is slated for approximately 90 continuous minutes.

But before we begin, if there is anyone in the audience that is with the media, please send an email to the address on the slide. Please be sure to include your contact information and the news publication you’re with. Our Media Relations and Stakeholder Liaison staff will assist you and answer any questions you may have. As a reminder, this webinar will be recorded and made available for future viewing. And if you’re just joining, I want to quickly mention some virtual webinar housekeeping items.

Number one, closed captioning is available for today’s presentation and will be available throughout the webinar. Secondly, you can download several documents by clicking on the Materials dropdown arrow on the left side of your screen. We’ve included technical help documents along with a copy of today’s PowerPoint and other resources. And thirdly, if you have a topic specific question today, please submit it by asking by clicking the Ask Question dropdown arrow to reveal the text box. Type your question in the text box and click Send. But please do not enter any sensitive or taxpayer specific information.

Now during the presentation, we’ll take a few breaks to check in and engage with you. And at those times, a polling style feature will pop-up on your screen with the question and multiple choice answers. Select the response you believe is correct by clicking on the radio button next to your selection and then click Submit. If you do not get the polling question, this may be because you have a pop-up blocker that’s on. So please take a moment to disable your pop-up blocker now so you can answer the questions. We’ve included several technical documents that describe how you can disable pop-up blockers based on the browser you are using. We have documents for Chrome, Firefox, Microsoft Edge, and Safari for our Mac users. You can access them by clicking on the Materials dropdown arrow on the left side of your screen.

And now, we are going to do things a little different in honor of Payroll Week and open today’s session with words from our Chief Executive Officer of the Internal Revenue Service, Mr. Frank J. Bisignano. Mr. Bisignano manages an agency that collected approximately $5.1 trillion in tax revenue in fiscal year 2024. He brings to this role extensive leadership experience from several decades in the financial service sector. Widely recognized for his expertise in operational management and technology innovation, Mr. Bisignano has consistently driven growth, improved customer service, and led complex organizations through modernization and digital transformation.

Alongside his duties as IRS CEO, Mr. Bisignano continues to serve as the Commissioner of the Social Security Administration, a position he assumed in May of 2025. As IRS CEO, Mr. Bisignano works to advance the IRS mission by sharpening its focus on three priorities: improving collections; safeguarding privacy; and enhancing customer service. These goals will guide how the agency delivers better outcomes for hardworking taxpayers and strengthen the IRS for the future.

And with that, I am pleased to turn the mic over to our CEO, Mr. Bisignano. The floor is now yours.

Thank you very much. And welcome to the payroll professionals participating in this webinar. Today, during National Payroll Week, it’s important to acknowledge the critical role you play in our tax system. My view, payroll professionals are our operational partners, making withholding, tax and wage reporting work as intended, acting as a trusted communications channel, especially for employee benefits, a vital link between the IRS and employers and employees.

Against that backdrop, we’re here to discuss Trump Account, an important tool for giving our children a financial head start. I want to start by thanking President Trump for giving me the opportunity to serve our country. For those who may not know me, I am the 18th confirmed Commissioner of the Social Security Administration and the first Chief Executive Officer of the Internal Revenue Service. It’s my honor to work with our great Treasury Secretary, Scott Bessent, driving the Trump Accounts agenda. On July 4, 2026, Trump Accounts officially launched following the enactment of President Trump’s historic Working Families Tax Cut.

Last month, Secretary Bessent put me in charge of the next phase of implementing Trump Accounts. Excited to be leading the charge on Trump Accounts, an amazing savings vehicle. And as President Trump has said, Trump Accounts are a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation. They will change the lives of generations of American children. Strong start so far for Trump Accounts. Accounts opened for more than 7 million children so far. More than 1.4 million elections with a special $1,000 pilot program contribution and growing every day.

Here’s an important point. Employers can make tax-free contributions up to $2,500 per year. As a 13-year public company CEO, I know the importance of taking care of your employees. This is another tool in an employer’s ability to attract and retain talent. We are providing critical support to employers who want to make contributions to Trump Accounts. My request to payroll professionals help to spread awareness about the employer contribution feature.

For any employer wondering if this is a good deal, a definite yes. Treasury has done a great job of making this program easy to administer. Employers need to know they can offer this to their employees without restructuring their existing benefit program. The program is extremely flexible. Employers can do any or one, any of these or one of these of the following to support their employees’ Trump Accounts. Help employees understand eligibility requirements and guide them through enrollment. Match employee contributions up to $2,500 per year tax-free. Seed accounts for communities that don’t have this savings infrastructure in place. For example, by distributing gifts through local schools. And more to come, including how employees can direct part of their paycheck into their child’s Trump Account in the same way that 401(k)s work today.

We will continue working to increase awareness of Trump Accounts among America’s working families. We have tremendous expectations for the future. Our objective, 70 million children under 18 having a Trump Account. To date, we have incredible support for Trump Accounts from the business community. There are tremendous philanthropists and corporations coming forward to donate. A special thank you to Michael & Susan Dell, who led the way. The first ones to step up, giving a monumental donation to Trump Accounts. Their support has been truly amazing.

I’m fully committed to the President and Congress’ vision for changing the lives of current and future generations of Americans through Trump Accounts. I’m proud to be involved with such an important program for the benefit of working families throughout America. Thank you, and happy Payroll Week.

And thank you, Mr. Bisignano, for those opening remarks, and also thank you for your continued support. Now, attendees, we are going to quickly test the polling feature to ensure your pop-up blocker is not on so you can receive the polling questions throughout today’s presentation. This webinar offers one IRS continuing education credit, or CE credit, and you can earn one IRS CE credit and a related Certificate of Completion by attending the live broadcast of the webinar for at least 50 minutes after the official start time and answering at least three polling questions during this live broadcast. This polling question example to test your pop-up blocker will count towards the polling questions requirements to earn CE credit. So for those attending for recertification credit hours, please note this course may not be eligible for RCHs. We suggest confirming whether the course meets the requirements with your credentialing organization.

And so here’s the polling example. Here’s your question. How comfortable are you using IRS.gov to research tax information and/or resolve tax-related issues? Are you A, comfortable; B, neither comfortable nor uncomfortable; C, uncomfortable; or D, I rarely or never use IRS.gov? Take a moment, click the radio button that corresponds to your answer. And again, the question is, how comfortable are you using IRS.gov to research tax information and/or resolve tax-related issues? I’ll give you a few seconds to make your selection now.

All right, folks. I’m going to go ahead and stop here and stop the polling and see how the majority of you actually responded. And I can see that the majority of you actually chose the letter A, comfortable. So that’s perfect. Hopefully you are receiving the polling question or you’ve received the polling question. If you did not receive that question or you were unable to submit your answer, now is the time to check your pop-up blocker and make sure that it is turned off.

Okay. Now, we have actually concluded with our administrative items. We can move along with our session. And again, welcome and thank you for joining today’s session in recognition of National Payroll Week 2026 titled IRS and Payroll Professionals Partner in Every Paycheck. And again, this webinar is scheduled for approximately 90 non-stop minutes from the top of the hour.

And without further ado, let’s meet our presenters. Now, let me introduce today’s speakers. We are graciously joined by Mr. Richard Furlong and Ms. Anika Pompey. They are both Senior Stakeholder Liaisons within the Stakeholder Liaison Office of the Internal Revenue Service Communication and Liaison Division. Each year, Mr. Furlong represents the IRS at both face-to-face seminars and online webinars where he discusses IRS policies and procedures, tax law updates, tax professional data security, and emerging areas of tax administration. He coordinates the Pennsylvania Practitioner Liaison Meetings where PA practitioner organizations meet with the IRS to discuss latest developments in IRS policies, procedures, and practices, and to solicit feedback from the practitioners. Annually, he provides IRS updates on topics including the latest tax law changes, tax professional data security, and IRS Tax Pro Accounts. Mr. Furlong is a graduate of the University of Pennsylvania Wharton School with a Bachelor of Science with a degree in Economics.

Moving forward, we have Ms. Pompey, who is a Senior Stakeholder Liaison in Washington, D.C. As a stakeholder liaison, she is responsible for establishing and maintaining relationships with tax practitioners, business organizations, and other audiences for the purposes of providing education and outreach on IRS policies, practices, and procedures. Prior to becoming a Senior Stakeholder Liaison, Anika held the position of Tax Compliance Officer, also known as TCO. In this role, she planned and conducted examinations of individual income tax returns. She also served as an On-the-Job Instructor for TCO trainees, and she completed the Frontline Leadership Readiness Program. Anika held the position of TCO for seven years before becoming a TCO Group Manager. Anika has also held the position of Contact Representative, where she was responsible for assisting customers with their tax accounts. Overall, Anika’s IRS career spans more than 18 years. Wow.

And with that being said, I’m going to turn it over to her, Anika, to begin the presentation. Anika, the floor is yours.

Thank you so much, Chris, for that enthusiastic introduction. Richard and I appreciate that. So, audience, here are our objectives for today’s webinar. First, we’re going to provide an overview of employment tax deposits focusing on preventable errors. We’ll also explain what a Trump Account is and who is eligible pursuant to the Working Family Tax Cuts. We’ll identify the five types of contributions that can be made to a Trump Account, including the Section 128 employer contributions. And then finally, we’ll describe the 2026 Form W-2 changes that payroll should prepare for. Now, we also have an extended Q&A session at the completion of the webinar, but that’s a lot to cover, so let me get started.

We want to welcome you to the 2026 National Payroll Week. This webinar is organized to recognize you, the payroll professionals. Payroll professionals are the primary audience for this IRS webinar. However, we welcome all other practitioner organizations who are joining us today. Payroll professionals are our year-round operational partners. You help make withholding, deposits, employment tax reporting, and wage reporting work. Payroll professionals apply tax rules continuously, not only during the following seasons. Payroll professionals translate guidance into calculations, wage codes, deposits, returns, and employee communications. And payroll professionals are often the first source of tax-related information for employers and workers.

National Payroll Week recognizes the achievements of workers across America and the payroll professionals who make those moments possible through accurate and timely pay. National Payroll Week also promotes financial responsibility through programs like Money Matters, giving young adults the knowledge to understand their pay and make informed decisions from the start. This is why we believe the conversation today, including the Trump Account, is quite timely. We hope to continue the conversation and continue to sustain the relationship after National Payroll Week.

Now, before we begin, so this module provides a high-level overview of selected federal tax requirements involving deposits, reconciliation, and corrections. It is based on applicable law, current IRS forms and instructions, and published IRS guidance available as of August 2026. The examples are intentionally simplified for instructional purposes, and employers’ actual deposit or correction requirements may depend on its deposit schedule, look-back period, amount and timing of the tax liability, the type of employment tax return filed, the tax period involved, and the nature of the error.

This presentation does not replace the Internal Revenue Code, Treasury regulations, current IRS forms and instructions, or other published IRS guidance. Participants will consult the current version of Publication 15 and the instructions for the applicable employment tax and wage reporting form. Publication 15 is the principal general IRS employer guide, while the applicable Form 941-X and W-2 and W-3 instructions contain form-specific corrections and reporting rules. For example, some prior year federal income tax withholding errors cannot be corrected in the same way as wage reporting errors, which illustrates why the facts and tax period matter.

Let’s move on now and talk about employment taxes. So, as a key reminder, the deposit schedule, monthly and semi-weekly, identify the deposit rule, not how often employees are paid. Payroll teams should confirm monthly or semi-weekly deposit schedules using the look-back period, and should remember that the schedule is based on tax liability and not payroll frequency. You want to track payroll liability. Deposit schedules follow when wages are paid, not the payroll frequency alone.

Another important thing to remember is the $100,000 next-day deposit rule. If you accumulate $100,000 or more in taxes on any day during a monthly or semi-weekly deposit period, you must deposit the tax by the next business day, whether you’re a monthly or semi-weekly schedule depositor. The $100,000 tax liability threshold requiring a next day deposit is determined before you consider any reduction of your liability for nonrefundable credits. A $100,000 liability in a deposit period triggers the next business day rule.

Lastly, there is an electronic deposit requirement. You must use EFT to make all federal tax deposits. An EFT can be made using EFTPS, IRS Direct Pay, or your IRS Business Tax Account. For more information about Direct Pay or making payments through your IRS Business Tax Account, you can visit IRS.gov/pay. And for more information about EFTPS, visit EFTPS.gov. Now, some preventable errors to focus on include making sure you don’t miss the $100,000 next-day deposit rule. Also, treating a return payment as a timely deposit or failing to confirm EFT access and backup coverage.

Now, you want to make sure that you reconcile payroll records for Forms 941, 943, or 944 before Forms W-2 and W-3 are filed. Compare the federal income tax withheld, Social Security wages, Medicare wages, and employee Social Security and Medicare tax totals. Document valid differences between employer and employee tax totals and Form W-3 reporting. Treat reconciliation as a prevention tool. Resolve mapping, fringe benefits, and adjustment issues before employees receive wage statements. When there are discrepancies between the Form 941, 943, or 944 filed with the IRS and the Form W-2 and W-3 filed with the Social Security Administration, the IRS or the Social Security Administration may contact you to resolve those discrepancies. The steps outlined in Publication 15 on Page 40 can help reduce those discrepancies.

Now, corrections should be framed by lane. Form W-2c and W-3c for wage statement corrections and Form 941-X, 943-X, or 944-X for employment tax return corrections. When correcting Forms W-2 or W-3, file Forms W-2c and W-3c with the Social Security Administration. Correct the employee wage and tax statement information. Correct codes, amounts, names, Social Security numbers, or other W-2 data, and reconcile corrected statements to employment tax returns.

You can file the Form W-2c and W-3c online with the Social Security Administration. Visit the employer W-2 filing instructions and information webpage at ssa.gov/employer. When correcting Forms 941, 943, or 944, be sure to file a separate 941-X, 943-X, or 944-X form for each period being corrected. Don’t file these forms with Form 941, 943, or 944.

Refer to the chart on the last page of the Form 9410-X, 943-X, or 944-X to help choose whether to use the adjustment process or the claim process. And refer to the instructions of these forms for details on how to make the adjustment or claim. Now, the IRS e-file program does allow you to electronically file Form 941-X and Form 943-X. You cannot e-file Form 944-X. For more information, you can visit IRS.gov/employmentefile.

Chris, now I think is a good time for a quick knowledge check.

Absolutely, Anika. All right, audience, take a minute and click the radio button you believe most closely answers this question. An employer is a monthly scheduled depositor. On Tuesday, the employer accumulates $100,000 in employment tax liability. So your question is, when must the employer deposit the liability? Is your answer A, Wednesday, the next business day; B, Friday of the same week; C, the 15th day of the following month; or D, when the employer timely files Form 941? If the question just does not pop-up, submit only the letter A, B, C, or D in the Ask Question text box. Remember, your response is timestamped. So I’ll give you a few moments here to think about the question and answer it. Take your time.

All righty, folks. Now, we’re going to go ahead and stop the polling. And we’re going to share with you the right answer on the next slide. And as you can see, the correct response is actually A, Wednesday, the next business day. So let’s take a look and see how the majority of you actually answered. And so what I can see here is 82% of you responded correctly. Fantastic. Thanks for participating in that knowledge check.

And I’ll go ahead and send it back over to you, Anika.

Thanks. So at the outset, I did mention to you all that today’s presentation reflects information currently available on IRS.gov and published Treasury guidance as of August 7, 2026. Now additional guidance, forms, instructions, regulations, and procedural updates will be added to IRS.gov as issued by Treasury and the IRS. So please note that today’s webinar is a high-level overview of Trump Accounts as enacted by the One Big Beautiful Bill Act, formerly known as Public Law 119-21. So this legislation was passed by Congress on July 3, 2025, and it was signed the next day, July 4th, by President Trump.

Again, our presentation is based on the act’s statutory language, along with IRS and Treasury Department guidance issued as of August 7, 2026. So with the disclaimer out of the way, let’s move on and review Trump Accounts. So Richard, I’ll hand it over to you.

Thank you very much, Anika, and good day, everyone. This is Richard Furlong, Anika, and Christopher’s colleague and stakeholder liaison, and it will be my pleasure during this segment of the webinar to provide you both an overview of the Trump Accounts, and most importantly, to piggyback over our CEO, Frank Bisignano’s comments about the important role that employers and their payroll companies have in educating the public about the benefits of these accounts.

So the first thing to keep in mind, that Trump Accounts are very new. They are tax advantage accounts, and they were created under the 2025 legislation known as the One Big Beautiful Bill. I will also be referring to it as the Working Families Tax Cuts. And Section 70204 of that legislation, which was Public Law 119-21, was signed into law by the President a little over a year ago, on July 4th of 2025. And this legislation added a new section to the Internal Revenue Code, that’s Section 530A, which created the authority for the Trump Accounts.

So a Trump Account is a type of traditional Individual Retirement Account, or IRA, that is established under this new Section 530A for the exclusive benefit of an eligible individual or the eligible individual’s beneficiaries and these accounts have to be designated as a Trump Account at the establishment of the account. Now contributions or funding of these Trump Accounts could not be made before July 4, 2026. So that was a little over two months ago. And money, as Mr. Bisignano commented, significant amounts of contributions are going into these Trump Accounts that have been made.

Now, a unique feature of the Trump Accounts is that the federal government, through the U.S. Treasury, will make a one-time $1,000 pilot program contribution to the Trump Account of each eligible child for whom an election is made on the application. But the eligible child must be a U.S. citizen, and the child must have been born on or after January 1, 2025, through December 31, 2028. So the $1,000 pilot program contribution is for very young children, including newborns, those born between January 1, 2025 and December 31, 2028. And as Mr. Bisignano noted, over 1.4 million elections have been made under the pilot program for that $1,000 contribution from the U.S. Treasury. And overall, we have received over 7 million applications for Trump Accounts that have been open so far.

Stakeholder Liaison coordinated an in-depth webinar on Trump Accounts, which is available on the YouTube channel of IRS. So you can do a deep dive into Trump Accounts if you go to our YouTube channel and look at that webinar entitled, Understanding Trump Accounts under the Working Families Tax Cuts. Now, if an election for the $1,000 pilot program contribution is being made at the same time as the election to open the initial Trump Account, then the authorized individual is the same individual able to make the election for a pilot program contribution.

And I should point out, and this is a very important takeaway from today, we do have a form to establish a Trump Account. It’s Form 4547. The instructions and the form are available on IRS.gov. We are strongly encouraging all authorized individuals to submit that form electronically, either through their IRS online account, which is the digital account in which you can conduct business with the IRS, and now it’s been enhanced to submit the Form 4547 at any time during the year through your IRS online account, or go to an app that is available at trumpaccounts.gov, and I’ll come back to that later. But we strongly encourage those who are setting up Trump Accounts to do it digitally.

Now, if there is not an election for the new pilot program contribution, and remember, when I use the term pilot program, I’m speaking exclusively about the $1,000 pilot program whereby the U.S. Treasury will make a contribution into an established Trump Account for very young children, any children between the ages who are U.S. citizens, have a Social Security Number, and were born on or after January 1, 2025, and December 31, 2028.

But remember, the Trump Accounts themselves are available to all children who are under the age of 18 at the time the account is established. So if a subsequent election to accept the $1,000 from the Treasury through the pilot program, then the authorized individual will be the individual who, in order of priority, is the legal guardian, then the parent, and that could be one and the same, and then could be an adult sibling, and then the grandparent of the eligible individual. So we recommend reviewing those instructions for the Form 4547, which are very clear on the eligibility requirements for an authorized individual to make the election to accept the $1,000 from the Treasury into the pilot program.

Now, a little more information on Trump Accounts on our next slide. So, overall, there’s a limitation as to the maximum amount that can be contributed to a specific Trump Account during the year, and that’s $5,000 per year. Now, that $5,000 maximum will be indexed for inflation beginning after 2027, but for 2026 and 2027, it’s a maximum of $5,000 per year going into the Trump Account. However, if the child is eligible for the $1,000 pilot program contribution, then that $5,000, that’s in addition to contributions from other sources that could reach the $5,000 limit. So in that example, you could have $6,000 going in, $5,000 from other sources, and later in my presentation, I’ll discuss those other sources that can contribute to the Trump Accounts, plus the $1,000 pilot program contribution.

Mr. Bisignano, in his opening comments, referred to the very generous contribution made by Michael & Susan Dell through their foundation. That is referred to as a qualified general contribution, and that is not subject to the $5,000 limit. Also, as we’ll see going forward, while initially one financial institution has entered into an arrangement with the U.S. Treasury to accept these contributions into Trump Accounts, we anticipate over time that there will be other financial institutions offering the ability to accept rollover contributions from Trump Account A into Trump Account B, established by the new trustee.

Similar in some respects to what you’re familiar with, probably, for qualified rollover contributions from traditional IRAs. Very important point, as you see on the second bullet here, there can only be one funded Trump Account for any one individual at any time. So you can’t have multiple Trump Accounts for one individual beneficiary, and that’s why the Social Security Number and the name on the initial Form 4547 application is so important.

Now, there’s a term, and you see it on the slide here, growth period. The growth period for a Trump Account ends on December 31st of the calendar year in which the account beneficiary attains age 17. So for a newborn, let’s say, if you’re opening up a Trump Account in 2016, that Trump Account would have a growth period for that money to grow tax-deferred over about 17 years. And the Treasury Department has a calculator on its website to show how that growth can take place depending upon how the investment increases over that period of time.

Now, on the next slide, here I want to drill down a bit and go over the five types of contributions that can be made into a Trump Account during this growth period. And remember, the growth period goes until December 31st of the calendar year in which the account beneficiary attains age 17. So if we look at, on our next slide, types of contributions, there are five basic types of contributions. So I’ve talked about the $1,000 pilot program contribution for children born between 2025 and before 2029, so any children born in that four-year window.

The qualified general contributions are contributions that could be made by federal, state, or local governments. And there are some state governments around the United States that are establishing the opportunity for residents in that state to have contributions made by the Treasury in those states into Trump Accounts. And then there are Section 501(c)(3) tax-exempt organizations that would be like the Dell Foundation and others. There are other foundations that are seeding money into the Trump Accounts.

The employer contributions, and that’s going to be the focus of my comments subsequently, being National Payroll Provider Week. I mentioned the qualified rollover contributions, which you’ll only start to see once other financial institutions establish the paperwork and meet the rules to accept rollover contributions from the Trump Account maintained initially by the financial institution that has partnered with the U.S. Treasury.

And then finally, and this is also very important, there can be contributions from other sources. It could be from the account beneficiary, parents, grandparents, generous uncles, aunts, others. They can contribute within limits to the Trump Accounts. One other point about the taxation of contributions into Trump Accounts, the contributions into a Trump Account during the growth period, they are not includible in income by the account beneficiary when they are made. So that’s why these are referred to as tax-favorable, tax-deferred accounts, because they’re not being subject to a tax on the interest or the dividends within the Trump Accounts while the money is there. Pilot program contributions from the U.S. Treasury, the qualified general contributions from state, local, and federal government along with the tax-exempt entities.

And then Section 128 contributions, I haven’t gotten into 128 contributions until I get into the employer contributions. They do not create tax basis into the Trump Accounts. Tax basis is a term that I would think that many, many attending today are familiar with. However, qualified rollover contributions from a prior Trump Account, let’s say Trump Account A into Trump Account B, those rollover contributions would carry over any tax basis attributable to the funds being transferred.

Contributions from other sources during the growth period, like from family members, friends, they create tax basis in the Trump Accounts. I recommend looking at IRS Publication 590-B, which is updated annually, which talks about the distributions, or I should say the taxation of distributions from traditional IRAs, and how to account for any tax basis when money is taken out of an IRA. So that Publication 590, I recommend to you.

Now, let’s move on to the Section 128 contributions, which I alluded to a moment ago. This may be the key takeaway for today’s session. So as I mentioned at the outset, Section 530A was the enabling legislation that governs the Trump Account. Section 128 governs the employer contribution program. We issued proposed regulations on August 11th. We, being the IRS and the Treasury Department, issued proposed regulations providing guidance to employers that choose to make contributions to Trump Accounts for their employees or their employees’ dependents. These proposed regulations will also clarify non-discrimination requirements for employers who are offering the Trump Account contribution programs.

I want to give you some highlights of the Section 128 employer contributions to Trump Accounts. Now under Section 128, an employer contribution is money an employer contributes to a Trump Account for an employee or the employee’s dependent. However, these Section 128 contributions by the employer are limited to a total of $2,500 per year per employee. So that would be half of the overall general $5,000 limit. The contributions, starting point for all contributions was July 4, 2026. After that date, we started to see not only the pilot program contributions of $1,000 going into Trump Accounts for which the election was made, but now we’ve seen quite a bit of take-up by employers in recent weeks, and employers are starting now to offer programs to their employees.

I think as Mr. Bisignano noted, what we’re looking for are the employers to first understand the requirements of the employer contributions, and they would look at the proposed regulations issued on August 11th, and then educate their employees because this is new for your employees. As I mentioned, the annual exclusion amount for the employer is up to $2,500 per employee per year or employee’s dependent in the Trump Account, and that $2,500 contribution would not count as taxable income for the employee if made pursuant to a Trump Account contribution program that’s established by the employer. There are guardrails in place, strict requirements for the programs being set up by the employers that are addressed in these regulations that have been issued on August 11th.

Now, up to $2,500 per employee for the calendar year, that can be excluded from the employee’s gross income when paid under the Section 128 Trump Account contribution program, and that limit is per employee, not per dependent. So if I were working for an employer that had set up an employer 128 program, and I indicated I wanted to participate, the employer can contribute up to $2,500 for me as an employee. And if I had two dependent children, for each of whom I had set up a Trump Account, I would have to indicate to my employer, because they’re going to be sending the contribution to the trustee, the financial institution that’s the trustee of my children’s account, how much for each child. I have that discretion, but it would not be $2,500 per child of Richard Furlong or any other employee.

And again, the contributions, I just want to repeat something I said a moment ago. These are not includable in income in the account beneficiary. They are reported, as we’ll see on the revised Form W-2 for 2026 with a new code. We’ll look at that later. But they are not currently taxable for income tax purposes. They are taxable for FICA, and that would be – FICA is Medicare and Social Security tax, and also Federal Unemployment Tax.

So with that, Chris, I’m going to pause here, grab a drink of water, and turn it over to you to tee up our next polling question, Chris.

Absolutely, Rich. Audience, let’s get excited about this one. Here’s our next polling question. An employee has two dependents, each with a Trump Account. The employer’s written Trump Account contribution program permits the full statutory contribution. For 2026, the employer contributes $1,250 to each dependent’s account. Which statement is correct? Is it A, $2,500 total per employee; B, $2,500 per dependent; C, employee’s account only; or D, one dependent only? If the question does not pop-up, submit only the letter A, B, C, or D in the Ask Question text box. Your response is timestamped. So let’s look at the question once again and take a moment and make your selection now. I’ll give you a moment to go ahead and do so.

Okay, folks. Now, we’re going to go ahead and stop the polling, and we’ll share with you the correct answer on our next slide. And as you can see here, folks, the correct response rate is $2,500 total per employee. The answer is A. And let’s take a look and see how a majority of you actually responded here. And I can see that 79% of you responded correctly. So that’s pretty good. That’s pretty good.

Hey, Richard, do you want to add anything else before we move along?

Thank you, Christopher. And, yes, let me just reinforce that point as to why it’s $2,500 total per employee. And I want to drive home the point that the Section 128 provision permits the employer contribution to the Trump Account of the employee or the employee’s dependent. But the statutory limit per employee for 2026 is $2,500 per employee, not $2,500 per dependent. So the proposed regulations, again, that were issued on August 11th, they clarify that a program may permit the contribution to be divided or allocated among more than one dependent’s Trump Account, provided that the overall employer’s aggregate contribution with respect to the employer’s employee does not exceed that applicable limit of $2,500 per employee for 2026. And then these August 11th proposed regulations further clarify that the limit is employee level, and that employee may allocate at their discretion the employer’s contribution among multiple dependents. So we would refer you to the proposed regs for an in-depth discussion of that provision.

So let’s move on to our next slide. And I’m going to discuss a few more aspects of Section 128, the employer contributions. So as I think we all are aware now, these employer contributions do, in fact, count towards the general $5,000 annual Trump contribution during their growth period. However, not only the $1,000 pilot program contribution, but the qualified general contributions from state and local governments along with the tax-exempt entities do not count towards the $5,000 limit. So if you had funding from those other sources, the amount of new funding going in annually to a Trump Account could, under certain circumstances, exceed $5,000.

A written plan is required, and this is very important, and probably given the take-up rate in recent weeks since we issued the proposed regs a little less than a month ago, employers now, through their legal departments, through their payroll providers, their payroll departments, their human capital, they’re all creating these written plans. It has to be a separate written Trump Account contribution program. It has to be for the exclusive benefit for the employees to participate in the Section 128 contributions. And we have a publication. It’s a publication. We have many publications, but the one that you might want to take a look at if you’re not familiar is Publication 15-A, which is part of the Employer’s Tax Guide series of publications. And it states the requirements that a plan must satisfy, and these are somewhat similar to existing requirements for dependent care plan requirements under another code, Section 129(d).

Now, as I mentioned, for 2026, and this is a big change this year now that employer contributions beginning on or after July 4th of this year are coming into established Trump Accounts, there is mandatory reporting by the employers in Box 12 of the Form W-2, and there will be a new code TA. Not surprisingly, that references Trump Accounts. And remember that the establishment of the Trump Account remains separate. In other words, the parent, the guardian, or other authorized individual that has established the child’s initial Trump Account through that Form 4547. And again, that we encourage you, if you have not submitted that form for an eligible child, please look into submitting it either through the IRS online account or through the Trump Accounts app.

The payroll provider’s role is generally for contribution administration, reporting of Trump Account employer contributions on the W-2 annually. But, generally, the payroll provider will not be making the initial election for the parent, the guardian, or any other authorized individual for the Trump Account.

So moving on to our next slide, when making these Section 128 contributions, and this now, this first bullet is a requirement of the employer. The employer must affirmatively identify the payment to the Trump Account trustee. That’s the financial institution that is holding the Trump Account contributions and then investing in eligible investments, the monies coming into the trust account. The employer must affirmatively identify the payment to that trustee as a Section 128 employer contribution, and we’ll see why when we look at, later on, a draft of a new form for those trustees.

The trustee of the Trump Account, think of it as a financial institution, may generally rely on that information coming from the employer unless if the trustee knows otherwise. And then, again, on those proposed regulations announced on August 11th of this year, a Trump Account contribution program can be offered through a Section 125 cafeteria plan for contributions to the dependent’s Trump Account, but not for contributions to the employee’s own Trump Account. Many of you probably are familiar with cafeteria plans established under existing Section 125 of the Internal Revenue Code.

So now, the employee can choose to make contributions under a Section 125 contribution plan into a Trump Account of up to $2,500 per year, and that would be reflected on the W-2, but would not be subject to income tax, nor income tax withholding, but would be subject to FICA tax.

Now, continuing on our next slide, so continue Slide #3, I mentioned the new significant change to the W-2 for 2012 with the new Code TA. I mentioned again, and it’s very important to reinforce this, that the establishment of the Trump Account remains separate after the Form 4547 is submitted digitally through the IRS online account or the Trump Accounts app preferably. So in other words, you do not have to wait to file your tax return with the Form 4547 to establish a Trump Account. You can do it any time during the year through your IRS online account or your Trump Account app.

Now, moving on to our next slide, and here we get into the annual information reporting, and this is a bit of a pivot on our next slide here, because we do have out now a draft, not a final form, but it’s a Draft Form 5498-TA, entitled Trump Account Contribution Information. Some of you are probably familiar with the annual Form 5498 that is issued normally by May 31st of each year to the beneficiary of an individual retirement account or IRA. Well, now we plan to rollout, beginning for contributions into the Trump Accounts in 2026, a form 5498-TA that will be filed next year by the trustees. Now, this is a trustee reporting touchpoint or requirement, as the slide indicates, not for the employer.

So for each calendar year during that growth period, remember the growth period is up to the year, up until December 31st of the year in which the child turns age 17, that Trump Account custodian will be required to file Form 5498, Trump Account Contribution Information, with the IRS each year, and furnish the copy to the account beneficiary of the Trump Account maintained during the calendar year. And on that Form 5498, and we’ll look in a moment at the draft version of the form to show you how the boxes are set up, it will include the Section 128 employer contribution, it will also include contributions from other sources coming into the Trump Account.

So why don’t we move on to the next slide, because now I think you probably are chomping at the bit wanting to look at Form 5498-TA. And I suspect many of you have not seen this form before. The draft form was put out on IRS.gov on April 9th. The instructions, which I do recommend you take a look at, they were issued or the draft instructions, I should say, on May 2nd of this year. So the account must be designated at the time of the establishment by the responsible person as a Trump Account. The governing instrument of the account being maintained by the trustee must meet the requirements of Section 530A and Section 408(a). Now remember, 408 is an Internal Revenue Code section that’s been around for many years that governs IRAs.

And remember, if you look at the big picture of Trump Accounts, they are a form of IRAs. In fact, after the growth period, when that child turns 18, that account will become a traditional IRA, subject to the traditional IRA rules. But up until that point, during the growth period that is while the child has not yet turned 18, it is governed under 530A. So in the instructions, and you can see here the boxes, and remember, the 5498-TA will be furnished annually to the Trump Account beneficiary, and it will be filed electronically with the IRS. We may have more on that in the Q&A section upcoming.

And as you can see here, you report the contributions that would include any qualified rollover contributions. And you want to take a look at the instructions for Boxes 1 and 4. Now, I’m not going to go into depth today, but I just want to point out Box 1 are the pilot program contributions, so that should be no more than well, actually, Box 1, pilot program contributions and qualified general contributions. So that could be the $1,000 from the U.S. Treasury plus any qualified general contributions from other 501(c)(3) sources or state and local governments.

Section Part 2, Box 2 I should say, qualified rollover contributions, new money coming into the Trump Account of the custodian. Section Part 3, Box 3, Section 128 are the employer contributions. Other contributions, those would be the contributions from family members, friends coming in. And there’s a separate section you see there in Box 5, the basis. Remember, that’s the tax basis for investment in the contract. Sometimes you will see that on a traditional 5498 for IRAs. And then the fair market value. That’s an important figure. You want to see how well the account is doing every year as of the end of the calendar year.

And then moving on to our next slide, just before we wrap up and I turn it back over to Anika, we have a checklist that we recommend for payroll providers start thinking about for the Trump Account program. Identify your employer clients that may want to offer Section 128 Trump Account contribution program. So if you’re strictly a third-party payroll provider attending today’s webinar for National Payroll Provider Week, talk to your clients about establishing Trump Accounts. Point them to the proposed regulations and the other information on IRS.gov, which I’ll come back to in the wrap-up.

Build within your payroll coding the ability to track the W-2 Box 12 employer contributions, which will have to be shown on the employee’s W-2. Create internal controls so that $2,500 per employee contribution is not exceeded. Flag any employer contributions that also count toward the aggregate $5,000 annual non-exempt contribution limit for each Trump Account. So, for example, if an employer contributed $1,000 to child A of an employee and $1,000 to child B for the same employee, then that employer contributed $2,000 in the aggregate. That’s below the $2,500 per employee level cap. And that would be reflected where, again, on the W-2 in Box 12.

And then finally, before I turn it back to Anika, moving on to my final slide, just a couple of other recommendations. It’s a good idea if you’re a payroll provider to require confirmation from your employer client that the employer has adopted a compliant separate written plan. It has to be a separate written plan before treating contributions as excludable under Section 128 contributions to Trump Accounts. And design your contribution record so that you can identify the payment to the trustee as a Section 128 employer contribution. And do not design any unresolved operational processes as though the proposed regulations are not finalized. There will be a hearing in mid-October on the proposed regulations. We’re accepting comments from anyone on the proposed regulations through September and into early October.

So please continue to monitor IRS.gov, any subsequent Treasury guidance, the Internal Revenue Bulletin, and the Federal Register for the existing and any upcoming proposed and final guidance.

And Anika, with that, let me turn the microphone over back to my esteemed colleague, Anika.

Thank you so much, Richard. So audience, as we move from Trump Accounts to payroll systems, configurations, and wage reporting, I just want to emphasize that this segment is meant to emphasize testing, mapping, and year-end readiness. So there are several Form W-2 changes that payroll providers need to prepare for, so let’s go over those in more detail. So the 2026 W-2 instructions add Code TA for qualifying employer Trump Account contributions, Code TP for cash tips reported to the employer, and Code TT for qualified overtime compensation, and Box 14b for Treasury Tipped Occupation Code.

Now, the wage reporting threshold is increased from $600 to $2,000 where no federal income, Social Security, or Medicare tax was withheld. So to ready payroll systems, emphasis should be placed on system mapping, testing, employee statement output, and correction capabilities. You want to create or validate wage codes for TA, TP, TT, and Box 14b data captures. You should confirm source systems can distinguish employer Trump Account contributions from other contribution types. You want to review employee communications so payroll does not provide tax advice beyond approved IRS language. Run the pre-year-end W-2 mapping test and reconcile totals before production. And then lastly, you want to identify the correction process if a code amount or tip occupation value is omitted or met incorrectly.

Here’s some additional information that employees and stakeholders may find helpful. Payroll reporting supports employee income tax return positions, but payroll should not assume that new reporting codes eliminate employment tax for withholding responsibilities. Code TP is going to report cash tips reported to the employer, and Box 14b is going to report the Treasury Tipped Occupation Code. Code TT reports qualified overtime compensation, so examples should distinguish the qualified overtime portion from overtime pay.

Now continuing with information on tips and overtime reporting, we do want to emphasize that tips and overtime generally remain subject to federal income tax withholding and the employer and employee shares of the Social Security and Medicare tax. For a time-and-a-half, only the qualifying half portion is going to be reported using code TT. The employee can claim any allowable deduction for tips and overtime on their income tax return.

So, now, I think is a good time for another polling question. Christopher, I’ll turn it over to you.

I totally agree, audience. This polling question, is it true or false one? Use the radio button you believe best answers the question. The deduction for qualified tips and qualified overtime mean payroll should stop federal income tax withholding on those payments. Is the answer true or is the answer false? Is it A, true; B, false? Submit only the letter A or B in the Ask Question text box if the question did not pop-up for you. And, again, your response is time stamped, so I’ll give you a few seconds to make your selection now. Okey dokey, we’re going to stop the polling and share with you the correct answer.

On the next slide we have the correct response. And that answer is B, false. And I can see that it looks like about 85% of you responded correctly. So another amazing correct response rate. Anika, I’ll send it back over to you.

Thanks, Chris. So audience, this pretty much wraps up, like, the presentation portion of today’s webinar. But before I share some resources, I do want to elaborate on this poll question. So the deduction is generally claimed by the employee on the employee’s federal income tax return. It does not generally remove the employer’s payroll withholding responsibility. Tips are generally subject to federal income tax withholding and Social Security and Medicare taxes when the applicable tip threshold is met. And qualified overtime compensation is also generally subject to federal income tax and Social Security and Medicare taxes. So Code TP and Code TT provide wage statement information. They do not by themselves create a payroll withholding exclusion.

So now I want to share some available resources. This slide has some additional resources that employees and stakeholders may find helpful. The IRS Payroll Professional Tax Center webpage includes information on hot topics such as employment tax guidance, worker classification, electronic filing, and so much more. And you’ll also find details about our monthly payroll industry meetings that payroll meeting is hosted by our colleagues in communications and liaisons. So if you haven’t attended one of those monthly meetings in the past, I encourage you to attend a future meeting. Again, the meeting link is going to be on the IRS Payroll Professional Tax Center webpage.

Here we also have a link to the National Payroll Week official site. There’s a lot of great information and resources there. We’ve also included the latest version of the employer’s tax guide publication for 2026 as well as the 2026 W-2 and W-3 instructions. And then we just closed out this resource list with some help articles as well as FAQs. So be sure to review these when time permits. I think you’ll find a lot of helpful information here.

Now, I’m going to turn it over to Richard, so he can share some [Technical Difficulty] resources with you all.

Thank you, Anika. So we do have quite a bit of resources. We began pushing out resources on the Trump Accounts very quickly after the legislation was passed on July, signed into law on July 4th of 2025. I put the most recent news release at the very top here, the one August 11th of 2026. These are these proposed regulations that I mentioned a number of times during my discussion. The news release summarizes the regs, but to really understand the proposed regs, you have to dive into the regs themselves. On June 29th, we issued another news release, provided a safe harbor for avoiding gift tax consequences of monies coming into Trump Accounts.

And then on April 15th, we had a general news release on Trump Accounts. On March 31st, we announced that at that time, it was 4 million children had been signed up for Trump Accounts, and now as Mr. Bisignano noted, it’s over 7 million. And then we issued regulations, proposed regulations, that is on March 6th of 2026 on how to open the initial account. And then finally, on the next slide, also on March 6th of 2026, we issued regulations on the pilot program contribution on the rules for the Treasury Department’s ceding of a contribution of $1,000 to eligible children in each Trump Account.

And finally, I’d point out back in over a year ago, on December 25th of 2025, that news release announced our initial notice on the Trump Accounts, which was a series of FAQs. You can take a look at that. Some of those FAQs in that notice from December 2nd of 2025 have been expanded. There was Notice 2025-68. They’ve been expanded in the proposed regulations. And then finally, the Form 4547 itself, along with its instructions and the Treasury website, TrumpAccounts.gov, Jumpstarting the American Dream, is also a great resource.

So with that, let me turn it back over to Christopher. I think we have one more polling question, Christopher.

We sure do. A fantastic job by Richard and Anika. But before we start the Q&A session, we have a polling question, which is a simple attendance check. So please select the radio button on the screen. If you do not receive the polling question, add only the letter A as your response in the Ask Question text box to timestamp your response. I’ll give you a few seconds for that, and we will continue to move forward shortly.

Okay, folks. That should be enough time for that. We’ll go ahead and stop the polling. Thank you for responding and participating with that particular polling question and the others as well.

And now we are ready for our live Q&A session. So I’ll be moderating this session. But before we start, I want to thank everyone for attending and staying engaged during today’s presentation, IRS and payroll professionals, partners in every paycheck. If you have not input your questions, there’s still time. Go ahead and click on the dropdown arrow next to the Ask Question field. Type in your question and click Send.

And folks, we have a special guest with us. How exciting. Joining us today to help answer your questions is Billie Crawford. She is a Project Manager with Development Services with IRS e-File Services. She has 19 years of experience supporting information return programs and electronic filing initiatives. Her area of expertise includes the Information Returns Intake System, or IRIS; Application-to-Application, or A2A, Integration; IRS Information Return Processing, Electronic Filing Specifications, and Modernization Efforts. She works closely with stakeholders to provide technical guidance, improve filing processes, and help software developers and filers successfully implement IRS electronic filing requirements. So welcome.

Also, Richard and Anika are staying with us to answer your questions. So one more thing before we start. We may not have time to answer all the questions submitted, but we’ll do our best and answer as many as time allows.

And with that, let’s go ahead and jump right on in so we can answer as many as we can before we close out this session. I’m going to start with you, Billie. Welcome. I can see here we have Billie participants and professionals with us today that e-file information returns. And I’m seeing questions related to the changes that have come about with the FIRE system retiring. And folks are flat out saying, what are we supposed to do moving forward?

I want to give you a two-part question to start off here. So first, can you define for us, what is FIRE in IRIS? And then, if you could, please give us an explanation of the changes that are taking place or have taken place.

Absolutely. Thank you so much for that, Chris. I appreciate the introduction and the question. So my name is Billie Crawford. And as Chris said, I am the Project Manager for the IRIS system. So to get into the question, those of you that file information returns are used to the FIRE or Filing Information Returns Electronically system, which is a legacy system that has been used in the past to electronically file those information returns, such as the 5498-TA. The IRIS system, or Information Returns Intake System, is the new modernized system that is taking its place. It’s not really new. It has been in place since tax year 2022, processing year 2023. However, beginning tax year 2027, next year, the FIRE system will be retired. So it will no longer be available for filing information returns.

Some key dates for the FIRE retirement, and the main thing to know is November 1st will be the last day that that FIRE system is available for testing. And November 19th will be the very last day for electronic filing through that FIRE system. Any future filings will need to come through the IRIS system. And again, IRIS is a modernized system. In order to get started with that IRIS system, if you haven’t already done so, you would want to complete an application for a Transmitter Control Code or a TCC. There are two different methods of intake for IRIS.

There is the A2A, or Application-to-Application method, which is for bulk filing, which is more similar to those that file through the FIRE system. And then there is the taxpayer portal, which is more focused on paper. So if you were a prior paper filer and you have more than 10 information returns to file, you’d want to use that taxpayer portal or EUI [ph] intake method for the IRIS system. Additional information can be found on irs.gov/iris. And I also do want to share that we do have a IRIS working group, the second Wednesday of each month. You can find additional information as far as the working groups. Again, on IRS.gov/IRIS, there is an area that will allow you to sign up for those webinars and quick alerts. So thank you for that, Chris.

Thank you for that, Billie. Very helpful information there. I hope you folks are taking notes and recording that, especially the dates that she gave out. So wonderful information. Let’s now transition over to Richard for the next question here. Richard, what is the most important operational recommendation practitioners should provide to clients?

Well, thank you, Christopher. And I think it’s a recommendation that we often make at our webinars, and that is accurate records. Record keeping to monitor the contribution limits. You have to make sure that you’re not exceeding the employer or the employee exceeding those maximum limits annually because the excess could be subject to an excise tax. And then review the IRS guidance that continues to come out. We always recommend subscribing to the e-news for tax professionals. And we also have an e-news for payroll providers. We have an e-news for small business. These are all various subscription services that are not only free, but generally have the latest guidance as we in Treasury issue it. So that would be my most important operational recommendation. Be very careful about your record keeping, Christopher.

Thanks for that, Richard. Anika, next one’s for you. Do employers stop withholding income and payroll taxes on tip income or overtime income?

Thanks, Chris. So we just covered this not too long ago in the presentation, and the short answer is no. Employees must continue to withhold federal income taxes, state and local taxes, as well as FICA taxes. The Social Security and Medicare from employee paychecks is normal.

Very good. I’m going to stay with you here, Anika, for the next question. Our attendee writes, must an employer separately include the amount of qualified overtime compensation on a Form W-2 for tax year 2026?

Thanks, Chris. So, yes, an employer must report the amount of the qualified overtime compensation paid to any employees on the Form W-2 and Box 12, and they should be using Code TT. So qualified overtime compensation, this is going to be any amount of overtime compensation in excess of the employee’s regular rate. The form that must – the amount has to be reported on the W-2, and the total, overtime compensation paid due to other limitations, it may not be the amount that is ultimately deductible by the employees. So that’s important to know.

So let me just give you an example. If an employer paid an employee overtime compensation of $30,000 in 2026, the employer has to include the total amount of $30,000 on the W-2 using Box 12 and Code TT, even if the overall limit on the deduction for overtime is $12,500. So just keep that in mind. Report the full amount of any qualified overtime, and then once the employee files their tax return, they will do the proper calculations to determine what is deductible.

Very good. Very good. I see the questions coming in, guys. Thank you for your participation here. We really appreciate it. Richard, looks like we got some questions coming up with regards to the Trump Account. I want to transition back over to you. Does the annual $5,000 contribution limit apply separately to employer contributions and other contributions, or does the IRS combine the amounts together?

Thank you, Christopher. A very important question, because these contribution limits can become a little confusing. So the $5,000 annual contribution limit applies to all contributions other than that $1,000 pilot program contribution from the U.S. Treasury, other than the qualified general contributions from the 501(c)(3) tax-exempt, and then the state and local governments, and other than the qualified rollover contributions from a prior Trump Account. So, again, we would point you to the instructions for the Form 4547, but it’s $5,000 generally, but there could be additional monies from those qualified general contributions, the $1,000 pilot contribution, and the qualified rollover contribution.

So Christopher, let me turn it back over to you.

Thanks, Richard. And I regretfully have to inform you that’s all the time we have for questions today, audience. I want to thank Billie, Richard, and Anika for answering your questions and sharing their knowledge and expertise. And before we close out this Q&A session, Anika, what are the key points you want the audience to remember from today’s webinar?

So there are a few key takeaways that I would like the audience to remember. So let me just summarize some of the major concepts that we discussed during today’s session. First, we want you to remember that the Trump Accounts are intended to encourage long-term saving for children while operating under specific statutory restrictions. Contribution timing, eligibility requirements, and investment limitations remain important compliance considerations. Trump Accounts are designed for long-term savings for children, and there should only be one funded Trump Account per child. Strict rules apply during the growth period, and contributions and investment limits are key compliance areas. Timing matters. So when opening up the Trump Account and making elections and, of course, there is more IRS guidance that we expect as implementation continues.

Wonderful. Wonderful. Thank you so very much, Anika, for those key points. Audience, watch for announcements on future webinars. To register for any upcoming webinar, please visit IRS.gov keyword search webinars and select the webinars for tax practitioners or webinars for small businesses. When appropriate, we will offer certificates and CE credit for upcoming webinars. We invite you to visit the IRS YouTube page at www.youtube.com/irsvideos for other key video messaging. To access recorded versions of our webinars, click the SL Webinar Playlist link on the slide handout or contact your local SL or the web conference team to receive the link. And, again, continuing education credits or certificates of completion are not offered if you view an archived version of any of our webinars.

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