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No Change in 1st Quarter Interest Rates

Published by Jamie Nau on 10 Jan 2018

There has been no change to interest rates in 1st quarter of 2018. The rates will remain at:

* Over payments at 4% (3% for Corporations).gold_streak_percent_5246.gif

* Corporation over payments are 1.5% for any portion exceeding $10,000.

* Under payments are at 4%.

* Large Corporation underpayments are at 6%.

Interest rates are determined using the Internal Revenue Code on a quarterly basis. Over payment and underpayment rates for taxpayers (not corporations) are at the federal short-term rate plus 3%.

Usually, corporation underpayment rates are the federal short term plus 3% and over payments are the federal short term rate plus 2%. Large corporation underpayments are federal short term plus 5%, any portion of tax over payment that exceeds $10,000 is federal short term plus 1.5%

For further information visit the IRS website or if we can be of assistance contact our office at (866) 497-9761 to schedule an appointment with our advisors.

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