Correcting wrong SSN on Savings Bond

Monday, December 5th, 2005
Categorized as: Savings Bond registration changes

I purchased a EE savings bond for my grandson and found that I put the wrong social security number on it. How do I get this corrected?

Tom’s response

The only thing the Treasury uses the Social Security Number on a bond for is to search its records when a bond is lost or stolen. It’s never used for tax purposes.

When a Savings Bond is cashed, whoever cashes the bond must provide their own social security number. That’s the SSN that goes on the 1099-INT reporting the interest income to the IRS. The Social Security Number on the bond is ignored.

Consequently, the Treasury doesn’t correct mistakes in these numbers. However, you should keep a photocopy or two of the bond in a safe place so that if the original is ever lost or stolen, you’ll have the original registration information that’s on the bond.

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FDIC Insured Certificates of Deposit can pay 1 or 2% more than savings bonds when held for a similar length of time. See top CD Rates Below:

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June 1, 2010

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Tom Adams

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