Comments on: Can a co-owner cash a Savings Bond without the owner's permission? http://www.savings-bond-advisor.com/can-co-owner-cash-a-savings-bond-without-owners-permission/ Wed, 17 Mar 2010 04:30:03 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/can-co-owner-cash-a-savings-bond-without-owners-permission/#comment-63298 Tue, 16 Mar 2010 19:04:40 +0000 http://www.savings-bond-advisor.com/can-co-owner-cash-a-savings-bond-without-owners-permission/#comment-63298 Heidi - the information you're looking for is <a href="http://www.savings-bond-advisor.com/list-of-us-savings-bonds-by-ssn/" rel="nofollow" rel="nofollow">here</a>. Tom Adams Heidi - the information you're looking for is here.

Tom Adams

]]> by: Heidi http://www.savings-bond-advisor.com/can-co-owner-cash-a-savings-bond-without-owners-permission/#comment-62399 Thu, 11 Mar 2010 23:26:05 +0000 http://www.savings-bond-advisor.com/can-co-owner-cash-a-savings-bond-without-owners-permission/#comment-62399 My great grandmother, bought me 4 savings bonds when i was born in 79, but my parents were divorced less then a year later and he kept them and still has them. But they are in me and my mom's name. Is there a way to find out if i still can cash them or if i really do have them. Thank you. My great grandmother, bought me 4 savings bonds when i was born in 79, but my parents were divorced less then a year later and he kept them and still has them. But they are in me and my mom's name. Is there a way to find out if i still can cash them or if i really do have them. Thank you.

]]> by: Tom Adams http://www.savings-bond-advisor.com/can-co-owner-cash-a-savings-bond-without-owners-permission/#comment-61223 Fri, 05 Mar 2010 16:10:24 +0000 http://www.savings-bond-advisor.com/can-co-owner-cash-a-savings-bond-without-owners-permission/#comment-61223 Nancy - crossing out his SSN and writing in yours is not part of the standard process. Whenever a co-owner cashes a Savings Bond the co-owner's SSN gets the 1099-INT reporting the interest to the IRS. Before the bonds were cashed the SSA could find them under his SSN, but after they're cashed the records are removed from the system. As the co-owner, you had the right to cash the bonds. Tom Adams Nancy - crossing out his SSN and writing in yours is not part of the standard process. Whenever a co-owner cashes a Savings Bond the co-owner's SSN gets the 1099-INT reporting the interest to the IRS.

Before the bonds were cashed the SSA could find them under his SSN, but after they're cashed the records are removed from the system. As the co-owner, you had the right to cash the bonds.

Tom Adams

]]> by: Nancy http://www.savings-bond-advisor.com/can-co-owner-cash-a-savings-bond-without-owners-permission/#comment-61202 Thu, 04 Mar 2010 15:49:17 +0000 http://www.savings-bond-advisor.com/can-co-owner-cash-a-savings-bond-without-owners-permission/#comment-61202 I cashed some bonds recently that I and my son were listed as "or" owners. I was instructed by the bank to cross out his SSN and put mine. Is there any record of him having had these bonds purchased for him? I am inquiring regarding disability means test / SSI threshold of $2,000. I cashed some bonds recently that I and my son were listed as "or" owners. I was instructed by the bank to cross out his SSN and put mine. Is there any record of him having had these bonds purchased for him? I am inquiring regarding disability means test / SSI threshold of $2,000.

]]> by: Tom Adams http://www.savings-bond-advisor.com/can-co-owner-cash-a-savings-bond-without-owners-permission/#comment-61198 Thu, 04 Mar 2010 14:55:17 +0000 http://www.savings-bond-advisor.com/can-co-owner-cash-a-savings-bond-without-owners-permission/#comment-61198 Tom - The <a href="http://www.savings-bond-advisor.com/the-fine-print-of-the-us-savings-bond-college-education-deduction/" rel="nofollow" rel="nofollow">Savings Bond college education tax deduction</a> is fairly complicated but could be claimed by the one of you who lists your son as a dependent on their tax return. The 1099-INT reporting the interest earned by the bonds will be issued in the Social Security Number of the person who cashes the bonds. However, <a href="http://www.savings-bond-advisor.com/who-pays-the-taxes/" rel="nofollow" rel="nofollow">the IRS has confused this issue</a>. Tom Adams Tom - The Savings Bond college education tax deduction is fairly complicated but could be claimed by the one of you who lists your son as a dependent on their tax return.

The 1099-INT reporting the interest earned by the bonds will be issued in the Social Security Number of the person who cashes the bonds. However, the IRS has confused this issue.

Tom Adams

]]> by: Tom Crawford http://www.savings-bond-advisor.com/can-co-owner-cash-a-savings-bond-without-owners-permission/#comment-61194 Thu, 04 Mar 2010 14:22:07 +0000 http://www.savings-bond-advisor.com/can-co-owner-cash-a-savings-bond-without-owners-permission/#comment-61194 I have many savings bonds that were purchased back in the 80s that are in a lock box that will soon be opened by myself and my X-wife. The bonds read as me the primary and she the cosigner. If the bonds are used for our sons education to college, will we pay taxws on the interest. Also if she just takes the bonds, without spliting them with me, and cashes them using her name, am I responsible for paying the taxes on the interset. Thank you I have many savings bonds that were purchased back in the 80s that are in a lock box that will soon be opened by myself and my X-wife. The bonds read as me the primary and she the cosigner. If the bonds are used for our sons education to college, will we pay taxws on the interest. Also if she just takes the bonds, without spliting them with me, and cashes them using her name, am I responsible for paying the taxes on the interset. Thank you

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