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IRS Interest Rates Drop for the Second Quarter of 2008

Posted by taxguru on March 4, 2008

The Internal Revenue Service announced that interest rates for the calendar quarter beginning April 1, 2008, will drop by one percentage point. The new rates will be:

six (6) percent for overpayments [five (5) percent in the case of a corporation] 

six (6) percent for underpayments

 

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