Do I Need To Register With The Sec If I Work From The Caymans

Registering a Savings Bond: Serial I

NEWS: The initial interest charge per unit on new Series I savings bonds is 9.62 percentage. You tin purchase I bonds at that charge per unit through October 2022. Larn more.

How yous register a savings bail determines who owns the bond and who can cash it. The registration also determines what happens with the bond if the owner dies.

This folio addresses ways individuals tin annals Series I savings bonds.

(Savings bonds also may be owned by entities, such every bit trusts, estates of deceased persons, living estates [where a courtroom has appointed a guardian for a person, such as one who is incompetent], corporations, and partnerships. For information on this, meet "Learn More About Entity Accounts.")

On this page:

Registrations for Individuals
Children under 18
Persons Paying for Higher Education

Registrations for Individuals

Three basic registrations exist for individuals.

Ane owner	Only one person is named as possessor. Only that person may make transactions. If he or she dies, the bond becomes part of his or her manor. For electronic bonds, this is called sole buying. For paper bonds, single buying. Example of registration: JOHN DOE
Owner and beneficiary	Only the owner may make transactions. If he or she dies, the beneficiary becomes the merely possessor. The casher can't exist an entity. The registration says "PAYABLE ON Decease," or "POD." Case of registration: JOHN DOE POD TO JANE DOE
Two owners	Electronic bonds (in TreasuryDirect) The first-named owner is the primary owner; the second is secondary. The registration uses "WITH." Example of registration: JOHN DOE SSN 987-65-4321 WITH JANE DOE SSN 123-45-6789.	Paper bonds Either owner may cash without noesis or approval of the other; but for virtually other transactions, both owners must sign. The registration uses "OR." Instance of registration: JOHN DOE OR JANE DOE.
	If 1 possessor dies, the other becomes sole owner. If ane owner is a person, the other can't be an entity.

Children nether xviii

Adults tin can buy savings bonds for children under the historic period of eighteen and annals the bonds in the name of a child or children, using a registration above.

How to buy:

Electronic bonds.If you lot are the parent or other developed responsible for the pocket-size's support, yous tin set up for the minor an account that is linked to your TreasuryDirect account. The only way to get to the minor's account is through your account. Securities registered in the pocket-size'south proper name can be bought through or transferred to the minor'southward account. Learn More About Linked Accounts
Paper bonds.Every bit an adult, you can buy a paper Series I bond for a minor through the taxation-time bond plan, using proceeds from your federal taxation return. If you don't know the minor'south Social Security Number, y'all must requite yours. Nonetheless, you volition not have income tax liability for a bail that you lot give to a small as long as the bond does non bear your name.

Persons Paying for Higher Educational activity

If you use interest from a Series I bail to pay for higher education, you may not have to pay federal revenue enhancement on the involvement. You may use whatever of the three basic registrations above under "Registrations for Individuals," but only within these guidelines:

If you want to use the bond for your didactics, you must be the owner of the bond.
If you want to apply the bond for your kid's education, and so yous or your spouse, or both, must own the bond. Your child may be a beneficiary only not a co-owner.