Posts Tagged ‘IRS.Interest.Rates’

IRS Interest Rates Unchanged for the Third Quarter of 2018

Saturday, June 9th, 2018

The IRS announced yesterday that IRS interest rates will be unchanged for the third quarter of 2018:

The rates will be:

– 5 percent for overpayments, 4 percent in the case of a corporation;
– 2.5 percent for the portion of a corporate overpayment exceeding $10,000;
– 5 percent for underpayments; and
– 7 percent for large corporate underpayments.

As I tell clients interest works both ways: If you file after the April tax deadline, you owe interest to the IRS; if you file after the April tax deadline and receive a refund, you are paid interest. That interest is, of course, taxable.

IRS Interest Rates Rise for Second Quarter

Wednesday, March 7th, 2018

The IRS today announced the interest rates for the second quarter of 2018.

The interest rates will be 5 percent for overpayments (4 percent in the case of a corporation), 2.5 percent for the portion of a corporate overpayment exceeding $10,000, 5 percent for underpayments, and 7 percent for large corporate underpayments.

The interest rate had been 4 percent for overpayments.

IRS Interest Rates Unchanged for First Quarter of 2018

Wednesday, December 6th, 2017

The IRS announced that interest rates for the first quarter of 2018 remain unchanged:

The rates will be:

• four (4) percent for overpayments [three (3) percent in the case of a corporation];
• 1 and one-half (1.5) percent for the portion of a corporate overpayment exceeding $10,000;
• four (4) percent for underpayments; and
• six (6) percent for large corporate underpayments.

The IRS notice is published in Revenue Ruling 2017-25.

IRS Interest Rates Unchanged for Third Quarter 2017

Friday, June 9th, 2017

The IRS announced today that third quarter interest rates will remain unchanged:

The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2017. The rates will be:
• four (4) percent for overpayments (three (3) percent in the case of a corporation);
• 1 and one-half (1.5) percent for the portion of a corporate overpayment exceeding $10,000;
• four (4) percent for underpayments; and
• six (6) percent for large corporate underpayments.

IRS Interest Rates Unchanged for 1st Quarter 2014

Monday, December 9th, 2013

The IRS announced today that interest rates for the first quarter of 2014 will be unchanged:

– 3% for overpayments (2% for corporations);
– 3% for underpayments;
– 5% for large corporate underpayments; and
– 0.5% for the portion of corporate overpayments exceeding $10,000.

Full details are given in Revenue Ruling 2013-25.

IRS Interest Rates Unchanged for the Fourth Quarter

Thursday, September 5th, 2013

The IRS announced today that interest rates for the fourth quarter (beginning October 1, 2013) will be unchanged:

  • 3% for overpayments (2% for corporate overpayments);
  • 3% for underpayments;
  • 5% for large corporate underpayments; and
  • 0.5% for corporate overpayments exceeding $10,000.

The announcement is Revenue Ruling 2013-16 and will be in Internal Revenue Bulletin 2013-40.