Interest Rates Increase for the Fourth Quarter 2008

Interest Rates Increase for the Fourth Quarter 2008

The IRS announced that interest rates for the calendar quarter beginning October 1, 2008, will rise by a full percentage point. The interest rates are:
6 % for overpayments (5 percent in the case of a corporation);
6% for underpayments;
8% for large corporate underpayments; and
3.5% for the portion of a corporate overpayment exceeding $10,000.

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