Comments on: How much should I hold back for taxes on my Savings Bond interest income? http://www.savings-bond-advisor.com/how-much-should-i-hold-back-for-taxes/ Thu, 18 Mar 2010 15:59:07 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/how-much-should-i-hold-back-for-taxes/#comment-56982 Fri, 29 Jan 2010 15:18:42 +0000 http://www.savings-bond-advisor.com/how-much-should-i-hold-back-for-taxes/#comment-56982 Robin - nice try, but you pay tax on the difference between the redemption value of the bond and what it cost to begin with - which was $5,000 - not its face value. Tom Adams Robin - nice try, but you pay tax on the difference between the redemption value of the bond and what it cost to begin with - which was $5,000 - not its face value.

Tom Adams

]]> by: Robin Root http://www.savings-bond-advisor.com/how-much-should-i-hold-back-for-taxes/#comment-56972 Fri, 29 Jan 2010 06:59:48 +0000 http://www.savings-bond-advisor.com/how-much-should-i-hold-back-for-taxes/#comment-56972 If I cashed a $10,000 bond from my mother and recieved 12,147.10 for it, do i pay the on the $7,147 interest or the $2,147 interest above the face value of the bond? If I cashed a $10,000 bond from my mother and recieved 12,147.10 for it, do i pay the on the $7,147 interest or the $2,147 interest above the face value of the bond?

]]> by: Tom Adams http://www.savings-bond-advisor.com/how-much-should-i-hold-back-for-taxes/#comment-18864 Fri, 11 Apr 2008 15:16:57 +0000 http://www.savings-bond-advisor.com/how-much-should-i-hold-back-for-taxes/#comment-18864 Hi Marge - the information you're looking for is at the top of this page. Is there something there you want clarified? Tom Adams Hi Marge - the information you're looking for is at the top of this page. Is there something there you want clarified?

Tom Adams

]]> by: marge http://www.savings-bond-advisor.com/how-much-should-i-hold-back-for-taxes/#comment-18855 Fri, 11 Apr 2008 13:43:10 +0000 http://www.savings-bond-advisor.com/how-much-should-i-hold-back-for-taxes/#comment-18855 How much should I hold back for taxes on my Savings Bond interest income? How much should I hold back for taxes on my Savings Bond interest income?

]]> by: Tom Adams http://www.savings-bond-advisor.com/how-much-should-i-hold-back-for-taxes/#comment-18333 Tue, 01 Apr 2008 15:54:24 +0000 http://www.savings-bond-advisor.com/how-much-should-i-hold-back-for-taxes/#comment-18333 Hi Billie - in the right column on this page there's a place that says, "Ask the Treasury". Click that and ask your question of the Savings Bond folks, who will let you know if they can help. Tom Adams Hi Billie - in the right column on this page there's a place that says, "Ask the Treasury". Click that and ask your question of the Savings Bond folks, who will let you know if they can help.

Tom Adams

]]> by: Billie Billyard http://www.savings-bond-advisor.com/how-much-should-i-hold-back-for-taxes/#comment-18301 Mon, 31 Mar 2008 18:49:25 +0000 http://www.savings-bond-advisor.com/how-much-should-i-hold-back-for-taxes/#comment-18301 My mother died recently. My brother-in-law is the trustee. He has lied and has hidden assets. He denied knowing that my mother had set up a large Xerox trust fund. (His signature was on the origination papers.) He cleaned out her safty deposit box, which among other valubles, contained her savings bonds, which she bought regularly. He claims this box was empty except for $241. I know that he stole these savings bonds, and cashed them after my mother's death. I need to prove that he did, so that I can ask the court for "Discovery". Discovery will give me the right to ask banks for statements that will prove she had accounts that I know he is hiding. I found one of her bonds in a drawer. How can I find out who cashed these bonds and when they were cashed? I would appreciate any help you could give me. Thank you, Billie Billyard My mother died recently. My brother-in-law is the trustee. He has lied and has hidden assets. He denied knowing that my mother had set up a large Xerox trust fund. (His signature was on the origination papers.) He cleaned out her safty deposit box, which among other valubles, contained her savings bonds, which she bought regularly. He claims this box was empty except for $241. I know that he stole these savings bonds, and cashed them after my mother's death. I need to prove that he did, so that I can ask the court for "Discovery". Discovery will give me the right to ask banks for statements that will prove she had accounts that I know he is hiding. I found one of her bonds in a drawer. How can I find out who cashed these bonds and when they were cashed?
I would appreciate any help you could give me.
Thank you,
Billie Billyard

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