Wednesday, October 29, 2014

IRS Quarterly Interest Rates Remain Same for 4th Quarter 2014

IRS has announced the interest rates for the 4th quarter of 2014.  The rates remain the same across the board as:

-        3% for most overpayments (2% for corporation overpayments)
-        3% for underpayments
-        5% for large corporate underpayments
-        0.5% for corporate overpayments exceeding $10,000

These rates have not changed since October 1, 2011, and now continue through December 31, 2014.

Revenue Ruling 2014-23

This text has been shared with you courtesy of:  David & Mary Mellem, EAs & Ashwaubenon Tax Professionals, 920-496-1065 (920-496-9111).,,,

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