Comments on: Civil suits and Savings Bonds http://www.savings-bond-advisor.com/civil-suits-and-savings-bonds/ Fri, 29 Aug 2008 20:55:45 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/civil-suits-and-savings-bonds/#comment-1991 Thu, 18 Jan 2007 20:44:04 +0000 http://www.savings-bond-advisor.com/civil-suits-and-savings-bonds/#comment-1991 Thomas - the lawyer at the Treasury didn't directly address the tax issue, but there's no reason the owner wouldn't get the tax bill rather than the recipient of the funds. Svenson - Yes, that's what the Treasury's lawyer said. But you would be a strong person facing a weak court if you prevailed on that basis. Thomas - the lawyer at the Treasury didn't directly address the tax issue, but there's no reason the owner wouldn't get the tax bill rather than the recipient of the funds.

Svenson - Yes, that's what the Treasury's lawyer said. But you would be a strong person facing a weak court if you prevailed on that basis.

]]> by: Svenson http://www.savings-bond-advisor.com/civil-suits-and-savings-bonds/#comment-1988 Thu, 18 Jan 2007 20:10:26 +0000 http://www.savings-bond-advisor.com/civil-suits-and-savings-bonds/#comment-1988 So if I understand you correctly, as long as you can prevent the courts from taking physical possession of the paper bonds, it is impossible to have them taken from you. Is that right? So if I understand you correctly, as long as you can prevent the courts from taking physical possession of the paper bonds, it is impossible to have them taken from you.

Is that right?

]]> by: Thomas Beatty http://www.savings-bond-advisor.com/civil-suits-and-savings-bonds/#comment-1985 Thu, 18 Jan 2007 18:24:55 +0000 http://www.savings-bond-advisor.com/civil-suits-and-savings-bonds/#comment-1985 Regarding your reply about Civil Suits and Bonds, if someone's bonds were levied, siezed, and forwarded to the Treasury for payment, would the owner still owe taxes on the accrued interest as a result of the forced redemption? If so, that would be a real "double-whammy." Just curious. Regarding your reply about Civil Suits and Bonds, if someone's bonds were levied, siezed, and forwarded to the Treasury for payment, would the owner still owe taxes on the accrued interest as a result of the forced redemption? If so, that would be a real "double-whammy." Just curious.

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