There was another post suggesting that the form populate from the info worksheet but we have no idea if that will be coming out in an update or not. 

We are planning to ask the parents if they want the form completed when we add the new baby. Looks like a simple form to complete and there is a check box that say are you filing this form with your tax return.

I'm not sure of the details for employers 

@ljr Do you know if we complete the 4547 with the 1040 that the 4547 gets efiled along with the 1040?

The 4547 can be completed and e-filed with the 1040. Or it can be mailed in separately. Or it can be filed online when the website is [eventually] up. Or - supposedly the government will get the new birth records from Social Security and handle it themselves. This last one I would not rely on AT ALL.

The form just doesn't ask for the new baby info. It asks for the filer's info and relationship. The standard is easy - mom or dad from a joint return.  It gets more difficult when mom and dad do not file together, or are even married.

I'm taking the position of I will complete the form and separately have the taxpayer sign it and mail it in. Makes me look good that I'm helping them get another benefit, rather than just another piece of paper within a 60 page tax return.

https://www.irs.gov/pub/irs-pdf/i4547.pdf

proseries help on form 4547 say the fastest, safest and easiest way to make the election is for file form 4547 with your current year efiled return. Also, the Dell money is for ages 1-10 on a first come first serve basis until that money runs out. New baby gets the $1,000 period. The form does have a box to check to if the child qualifies for the $1,000

Wow, proseries could have done this auto population at the on set rather than us having to re enter info. For tech guy to do this is no brainer. Oh well. Hope they improve it soon.

Is the IRS processing the Form 4547 that is eFiled with the tax return?

Form 8879-TA says the ERO must retain this signature page.

I am believing that the IRS is not processing the Form 4547 because there is no signature on the form and/or maybe the 8879-TA is not properly attached.  Clients seem to be getting an IRS letter that perhaps indicates that the form is not signed.  

Is this an IRS issue or an Intuit issue in correctly processing the eFiled Form 4547?

Further to my question above:

The IRS letter (Notice CP318) states:  After reviewing your submission, we can't process your Trump account election due to the following reason:  Your election was missing information, hard to read, or had illegible information.

The Form 4547 was filed with the return, the ERO kept the 8879-TA as instructed.  There does not appear to be any missing information.  All information on the form was typed per ProSeries input.  

Not sure how to respond to the IRS, except to send another form 4547.

This potentially affects numerous returns.    

AI Slop hasn't caught up with this yet; it advises, "There is no official IRS notice labeled CP318."  And there are no readily-found references to Trump Accounts or Form 4547 in the Internal Revenue Manual.  Are you sure this is authentic IRS correspondence?  What does it tell you to do?

Pretty certain it is IRS letter.  Looks like one.  I have 50 years tax experience.  Seen lots of IRS letters.

Phone number on letter goes to IRS, Trump Account Line.  

Letter tells you you can visit trumpaccounts.gov 

Seems legit.  

IRS letters are a lot easier to fake than 50 years ago.  Since even the form number is political, I wonder how they picked "318."  ( 3 x 18 = number of felony counts?)

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@UnityJim wrote:

Is the IRS processing the Form 4547 that is eFiled with the tax return?

Is this an IRS issue or an Intuit issue in correctly processing the eFiled Form 4547?

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Does it really matter?

If they are not processing the Form 4547 that you tried to file, tell the taxpayer to go to Trump Accounts dot gov to open the account.

As a side note, personally, I'm not opening bank accounts for taxpayers.  If the taxpayer wants a Trump Account, they should open their own bank account at Trump Accounts dot gov.  Personally, I'm not taking responsibility for opening a bank account - I prepare tax returns, not open bank accounts.

@TaxGuyBill   Are you authorized to give financial advice to parents who have the choice of opening the account with a bank or some other financial institution?  This is all very confusing to me.  Apparently the money initially goes to BNY Mellon, but must be invested in an index fund at Robinhood. If they don't want to do business with the company named after the Sherwood Forest Socialist, they can move it somewhere else, like Schwab or Fidelity.  But the funds have to be invested in the government's choice of index fund.  (Eventually, more than one fund might be offered.)