Computershare News & Analysis

IRS Hires Joseph Velli for Trump Accounts Administration

The IRS has appointed Joseph Velli as a senior advisor to CEO Frank Bisignano to assist with the administration of Trump Accounts. This new tax-deferred investment vehicle aims to help children under 18 build long-term wealth and can provide a one-time $1,000 deposit from the U.S. Treasury for children born between 2025 and 2028. Velli is also on the boards of Paychex, Cognizant, and Computershare while serving in this new role. This initiative represents a significant economic priority for the administration that could influence future investment opportunities.