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Posted by A.G. Kalman on December 13, 2006, 10:57 pm
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JB wrote:
> A client came into the office today with a large box full of
> US Savings bond somegoing back to1944. I started practicing
> in the late 60s. Does anyone know if the bondinterest was
> treated differently back then? Or, if it even matters, since
> he will cash them in 2006 or 2007?
http://www.savingsbonds.gov/indiv/research/securities/res_securities_stoppedearninginterest.htm
The above link will tell you which bonds have stopped earning
interest and which bonds are still earning interest.
The main site for indivduals looking for answers on savings
bonds is: http://www.savingsbonds.gov/indiv/indiv.htm
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Posted by Victor Roberts on December 15, 2006, 10:18 am
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> The main site for indivduals looking for answers on savings
> bonds is: http://www.savingsbonds.gov/indiv/indiv.htm
And they may want to download the Savings Bond Wizard which
will calculate the value of savings bonds from any past date
to a short time past the current date.
--
Vic Roberts
Replace xxx with vdr in e-mail address.
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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Posted by Victor Roberts on December 15, 2006, 10:24 am
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> The main site for indivduals looking for answers on savings
> bonds is: http://www.savingsbonds.gov/indiv/indiv.htm
And they may want to download the Savings Bond Wizard which
will calculate the value of savings bonds from any past date
to a short time past the current date.
--
Vic Roberts
Replace xxx with vdr in e-mail address.
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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Posted by Harlan Lunsford on December 13, 2006, 10:57 pm
Please log in for more thread options JB wrote:
> A client came into the office today with a large box full of
> US Savings bond somegoing back to1944. I started practicing
> in the late 60s. Does anyone know if the bondinterest was
> treated differently back then? Or, if it even matters, since
> he will cash them in 2006 or 2007?
You can find out more information about them on the web no
doubt. But those very old "war" bonds stopped paying
interest long time ago. So those are the ones to cash
first. Sort of like FIFO. (grin)
ChEAr$,
Harlan Lunsford, EA n LA
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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Posted by BeanTownSteve on December 17, 2006, 10:05 pm
Please log in for more thread options Jeez, you're only in your 60's? You're leaving around a
fair sum (guessing here) and you got the time to deal with
it. Unless you don't like your children, I'd think you
would want to clear this up for them. I imagine by your
note, that the bonds given to your wife are still in her
maiden name ---- Gee. I hope my kid will have better
menories of me that handing them (and the probate court as
well as the executor) this can of worms. It's not that it's
hard, just process bound and time consuming.
I've found the folks at the US Bonds desk on the 800 number
(and by email) are very helpful and easy to deal with. I've
had fairly extensive dealings with them after my Mom's death
and Pop coming to live with me. Give 'em a call.
If you're generous, take the proceeds (after you figure the
taxes on them) and open 529 plans for your grandkid(s).
Give it start at
http://www.savingsbonds.gov/indiv/products/prod_eebonds_glance.htm
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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