Ronald J. Cappuccio, J.D., LL.M. (Tax)

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Interest Rates Increase for the Fourth Quarter 2008

| Sep 7, 2008 | interest, overpayment

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.
see: http://www.TaxEsq.com

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