U.S. Interest Rates Remain the Same for the Second Quarter of 2012
2012-02-25
The Internal Revenue Service announced interest rates will remain the same for the calendar quarter beginning April 1. The rates will be:
• three percent for overpayments (two percent in the case of a corporation);
• three percent for underpayments;
• five 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 second calendar quarter in 2012, including the first 15 days of April.
Source: U.S. Internal Revenue Service
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