Tax Guru – Ker$tetter Letter

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Archive for December 6th, 2011

IRS Interest Rates Unchanged

Posted by taxguru on December 6, 2011

Interest Rates Remain the Same for the First Quarter of 2012

 Interest rates will remain the same for the calendar quarter beginning Jan. 1, 2012. The rates will be: 

  • three (3) percent for overpayments [two (2) percent in the case of a corporation];
  • three (3) percent for underpayments;
  • five (5) percent for large corporate underpayments; and
  • one-half (0.5) percent for the portion of a corporate overpayment exceeding $10,000.

The 3 percent rate also applies to estimated tax underpayments for the first calendar quarter in 2012 and for the first 15 days in April 2012.

 

Posted in IRS | Comments Off on IRS Interest Rates Unchanged

How to drive even more productive citizens away…

Posted by taxguru on December 6, 2011

Gov. Jerry Brown implores California voters: Please raise taxes on yourself – In other words, “Hit the road or we will take all of your money.”

 

Posted in Calif | Comments Off on How to drive even more productive citizens away…