As a follow-up on my original post, I did talk to the IRS
about the deferred interest. They tell me I must issue a
1099-INT to my mother's estate. This seems strange to me
since 1099-INT are usually from a payer, and I am not paying
the estate anything.

The 1099-INT form they gave me asks for the "recipient's identification
number", which the IRS person said was a "EIN
number", if I understood correctly. What is a EIN number?

cshiflett[at]attREMOVE-THIS.com wrote:

- quote -

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http://www.ardice.com/Health/Mental_...rs/Adjustment/

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The treasury information also says "You can contact the IRS
for information about the procedure for deducting previously
reported interest and the documentation that needs to be
maintained to establish that interest was previously
reported." How do I contact the IRS, by phone? by email? A
phone call will work - try 1-800-829-1040

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My mother died, leaving me some HH bonds which were
registered to "Mother or Me". There are deferred taxes
listed on the bonds since they were obtained as conversions
from EE bonds. The treasury web site says:

"The person who files the decedent's final federal income
tax return may elect to report the deferred amounts shown on
Series HH bonds."; that is what I would like to do.

"Also, if bonds are cashed by a surviving co-owner, the
financial institution cashing the bonds will report any
deferred interest under that person's social security
number, even though the interest may have been included on
the decedent's final federal income tax return."
Information from the IRS site says "When you cash a U.S.
savings bond that you acquired from a decedent, the bank
that redeems it must give you a Form 1099-INT. The interest
shown on your Form 1099-INT will not be reduced by any
interest reported by the decedent by the personal
representative on the final income tax return of the
decedent. You must make an adjustment on your tax return to
report the correct amount of interest. Show the interest
that was reviously reported and subtract it from the
subtotal. Identify this adjustment as "U.S. Savings Bond
Interest Previously Reported."

My question is: If the 1099-INT is sent to me, what kind of
documentation is provided or must be attached to the
decedent's final income tax return?

The treasury information also says "You can contact the IRS
for information about the procedure for deducting previously
reported interest and the documentation that needs to be
maintained to establish that interest was previously
reported." How do I contact the IRS, by phone? by email?

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