Tax Guru-Ker$tetter Letter
Tuesday, March 13, 2007
IRS Interest Rates Stay Same
IRS has announced that their interest rates for the quarter from April 1 through June 30, 2007 will remain the same as they currently are.
- eight (8) percent for overpayments [seven (7) percent in the case of a corporation];
- eight (8) percent for underpayments;
- ten (10) percent for large corporate underpayments; and
- five and one-half (5.5) percent for the portion of a corporate overpayment exceeding $10,000
I have updated this on my Quick Reference page.