Savings Bond Advisor archive for February, 2005

When do Savings Bond taxes begin?

Tuesday, February 1st, 2005
Categorized as: Savings Bond taxes
4 Comments
I have some Series EE savings bonds that have reached initial maturity (12 years) but not final maturity (30 years). Do I now have to start paying taxes on the interest earned by the bonds?

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Should you change the registration if your name changes?

Wednesday, February 2nd, 2005
Categorized as: Savings Bond registration changes
6 Comments
I recently remarried and want to change my name on my Savings Bonds to my married name. What form do I need to do this?

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Are Savings Bond payroll deductions pre-tax?

Friday, February 4th, 2005
Categorized as: Buying US Savings BondsSavings Bond taxes
No comments yet
If you purchase bonds through payroll deduction at work can the deductions be taken pre-tax?

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Savings Bond Alert #010

Friday, February 4th, 2005
Categorized as: Savings Bond Alerts
4 Comments

Coming very soon from TreasuryDirect - make your paper Savings Bonds electronic

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Stepped-up cost basis for inherited Savings Bonds?

Monday, February 7th, 2005
Categorized as: Inheriting and bequeathing US Savings Bonds
2 Comments
We have inherited some savings bonds and have cashed them. How do we establish a cost basis at the point of death for calculating our taxable income of the interest?

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Living Trust registrations in Treasury Direct

Tuesday, February 8th, 2005
Categorized as: Treasury Direct
2 Comments
Can you register TreasuryDirect's electronic Savings Bonds in the name of a living trust as you can with paper Savings Bonds?

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How long does it take for a savings bond to mature?

Wednesday, February 9th, 2005
Categorized as: Series EE US Savings Bonds
No comments yet
How long does it take for a Patriot Bond to mature? How long does it take for a Series EE savings bond to mature?

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Tax-deferred rollovers of EE to I Savings Bonds

Thursday, February 10th, 2005
Categorized as: Savings Bond taxesSeries EE US Savings BondsSeries I US Savings Bonds
6 Comments
Can EE savings bonds be converted to I bonds without having to pay taxes on the interest earned? Is there any way to rollover EE bonds into something else and not pay tax on the earnings of the EE bonds?

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Minor accounts in Treasury Direct

Friday, February 11th, 2005
Categorized as: Treasury Direct
No comments yet
How do I open a Treasury Direct account for my minor child? I want to put it in her name but keep the ability to manage it for her.

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Talk radio: A fountain of misinformation

Monday, February 14th, 2005
Categorized as: Stinker bonds
No comments yet
Talk Radio reports that states are taking Savings Bonds away from their owners.

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Where do 1099-INT tax forms come from?

Tuesday, February 15th, 2005
Categorized as: Savings Bond taxes
No comments yet
Who sends the 1099-INT tax forms for interest received on US savings bonds?

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Series HH 1099s from Treasury H/HH web site

Wednesday, February 16th, 2005
Categorized as: Savings Bond taxesSeries HH or H US Savings Bonds
No comments yet
My father-in-law converted some mature EE bonds to HH bonds in 2002. Shouldn't we get a 1099 with the interest information each year? If we do not get the 1099 who should we contact to get one?

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How much should I hold back for taxes on my Savings Bond interest income?

Thursday, February 17th, 2005
Categorized as: Cashing in US Savings BondsSavings Bond taxes
6 Comments
I have some Savings Bonds reaching final maturity. I'd like to redeem them and reinvest in new Savings Bonds. How much of the interest income should I hold back for taxes rather than reinvesting?

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Should the heirs or the estate pay the tax?

Friday, February 18th, 2005
Categorized as: Inheriting and bequeathing US Savings Bonds
8 Comments
My brother and I inherited a large sum of E and EE bonds upon my mother's death. Would be more beneficial from a tax standpoint to have the estate redeem the bonds and pay the income taxes, or for me and my brother to redeem the bonds and pay the taxes?

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Fixing TreasuryDirect errors

Monday, February 21st, 2005
Categorized as: Treasury Direct
Comments Off on Fixing TreasuryDirect errors
Treasury Direct's Pending Transactions screen, which is under Current Holdings, is the place to delete transactions you enter in error.

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When can a child cash Savings Bonds?

Wednesday, February 23rd, 2005
Categorized as: Cashing in US Savings Bonds
11 Comments
I have been purchasing bonds for my grandchildren since they were born. The bonds are in their names and social security numbers. At what age can they start cashing them in?

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I versus EE: the difference in a nutshell

Thursday, February 24th, 2005
Categorized as: Series EE US Savings BondsSeries I US Savings Bonds
3 Comments
I was wondering what the difference (in a nutshell) is between Series I and EE Savings Bonds. When I read about how the interest is accrued, I get lost along the way.

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Savings Bonds and gift tax

Monday, February 28th, 2005
Categorized as: Savings Bond taxesSavings Bonds as gifts and prizes
No comments yet
My father-in-law wants to make my wife co-owner of $60,000 in H bonds and send them to her. If she simply places them in a saftey deposit box, will she be liable for gift tax?

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