Form 5305 Traditional Individual Retirement Trust Account {5305}

Form 5305 (Rev. April 2017), Traditional Individual Retirement Trust Account (Under section 408(a) of the Internal Revenue Code), this form is a model trust account agreement that meets the requirements of section 408(a). However, only Articles I through VII have been reviewed by the IRS. A traditional individual retirement account (traditional IRA) is established after the form is fully executed by both the individual (grantor) and the trustee. To make a regular contribution to a traditional IRA for a year, the IRA must be established no later than the due date (excluding extensions) of the individual’s income tax return for the year. This account must be created in the United States for the exclusive benefit of the grantor and his or her beneficiaries. www.FormsWorkflow.com