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COVERALL APPLICATION P.O. Box 3587, Albuquerque, NM 87190 Toll Free: 18005293951 Local: 5055140539 Fax: 5057926096 help@IRASTC.com PART 1.DESIGNATED BENEFICIARYPART 2. COVERALL ESA CUSTODIAN AND CLIENT

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What is coverdell application?

The Coverdell application refers to the process of setting up or contributing to a Coverdell Education Savings Account (ESA), a tax-advantaged savings account that allows individuals to save for educational expenses.

Who is required to file coverdell application?

Typically, individuals who wish to open a Coverdell ESA or make contributions to an existing account are required to file the Coverdell application.

How to fill out coverdell application?

To fill out the Coverdell application, collect required personal information, select the type of account (trust or custodial), specify the beneficiary details, and provide contribution information as outlined in the application form.

What is the purpose of coverdell application?

The purpose of the Coverdell application is to provide a legal framework for setting up an education savings account that allows for the tax-free accumulation of interest and distributions for qualified educational expenses.

What information must be reported on coverdell application?

The Coverdell application must report information such as the account holder's personal details, beneficiary details, account preferences, and contributions.

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