Terry, I enjoyed your informative article dated 11-22-15 re “…cashing in savings bonds.” In addition to the federal income tax on the interest upon maturity, is there a late penalty fee (or worse) from the IRS if the EE bonds are misplaced and then found and subsequently redeemed in year 31 or 32? In such cases, the individual would not have paid the federal income tax on the interest in year 30 when due. Many thanks for your advice. Peter

Terry Says:  I suppose the correct answer is:  “only if they catch you”!   I just reported on the rules.