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IRS Drops Interest Rates

Posted by taxguru on March 13, 2009

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.

 

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