Sunday, August 22, 2010

IRS Announces Interest Rates for Fourth Quarater of 2010

The Internal Revenue Service announced that interest rates for the calendar quarter beginning October 1, 2010, will remain the same. The rates will be:

four (4) percent for overpayments [three (3) percent in the case of a corporation];
four (4) percent for underpayments;
six (6) percent for large corporate underpayments; and
one and one-half (1.5) percent for the portion of a corporate overpayment exceeding $10,000.
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