Tax Guru-Ker$tetter Letter
Friday, March 13, 2009
IRS Drops Interest Rates
Per their news release, the following rates will be in effect for the quarter starting April 1, 2009.
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.
Labels: IRS