Book Notes for Savings Bond Alert: May 2005

Update: On May 17, 2006, President Bush signed a new tax law that in its fine print raised the age of the kiddie tax to 18 from 14. Please take a pencil to page 117 of this edition and change “14” to “18” in the four places it occurs. For more information, see Tax law change impacts kiddie tax and Roth IRAs. The change is retroactive to January 1, 2006.

Chapter 3 – Electronic at TreasuryDirect or paper at your bank?

Chapter 5 – Why Savings Bonds?

Chapter 6 – Savings Bond A, B, Cs

Chapter 8 – How much are my Savings Bonds worth?

  • 8-1GBonds – a Savings Bond calculator for GNOME/Linux.
  • 8-2 – The Treasury’s Savings Bond Calculator
  • 8-3 – Right-click on the following link and select Save Target As from the menu that appears on your screen US Savings Bond Wizard. If you have trouble downloading the file, try a normal click. If that doesn’t work either, the Treasury has additional download tips here.

Chapter 9 – Keeping track of your Savings Bond inventory

Chapter 10 – Lost and stolen Savings Bonds

Chapter 11 – Changing the registration

Chapter 12 – Managing the deferred-tax time bomb

Chapter 14 – Basics of Savings Bond redemption

  • 14-1Public Debt Form 1522Special Form for Request of Payment of Unites States Savings and Retirement Securities Where Use of a Detached Request is Authorized
  • 14-2Public Debt Form 5188Durable Power of Attorney for Securities and Savings Bonds Transactions
  • 14-3Public Debt Form 5396Direct Deposit Sign Up Form

Chapter 15 – How to minimize the income tax bite

  • 15-1IRS Publication 970Tax Benefits for Education.
  • 15-2IRS Form 8815 – calculates the two phase outs for the Savings Bond education deduction; IRS Form 8818 – an optional form for recording the data on the bonds you cashed in.

Chapter 16 – Inheriting and passing on Savings Bonds

  • 16-1Public Debt Form 4000[As of Aug 1, 2006, Form 5387 has been discontinued, use Form 4000]
  • 16-2Public Debt Form 4000Request to Reissue United States Savings Bonds
  • 16-3Public Debt Form 2513Application by Voluntary Guardian of Incapacitated Owner of Unites States Bonds or Notes
  • 16-4Public Debt Form 5385Request for Payment of Series I Savings Bonds by the Representative of the Estate of an Incompetent or Minor
  • 16-5Public Debt Form 5386Request for Reissue of Series I Savings Bonds by the Representative of the Estate of an Incompetent or Minor
  • 16-6Public Debt Form 5336Application for Disposition
  • 16-7Public Debt Form 4881Application for Payment of United States Savings Bonds or Notes and/or Related Checks in an Amount Not Exceeding $1,000 by the Survivor of a Deceased Owner Whose Estate Is Not Being Administered
  • 16-8Public Debt Form 2488-1Certificate by Legal Representative(s) of Decedent’s Estate, During Administration, of Authority to Act and Request Payment and/or Make Distribution Where Estate Holds No More Than $1,000 (Face Amount) United States Savings and Retirement Securities, Excluding Checks Representing Interest
  • 16-9Public Debt Form 1455Request by Fiduciary for Reissue of United States Savings Bonds or Notes
  • 16-10Public Debt Form 1522Special Form for Request of Payment of Unites States Savings and Retirement Securities Where Use of a Detached Request is Authorized
  • 16-11Public Debt Form 2458Certificate of Entitlement to United States Savings Bonds and/or Checks Not Exceeding $1,000 After Administration of Decedent’s Estate