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IRS: No Change in Q1 Interest Rates
WASHINGTON, Dec. 15, 2003
(SmartPros)
The Internal Revenue Service said there will be no change in the interest rates for the calendar quarter beginning Jan. 1, 2004.
The interest rates are as follows:
- four (4) percent for overpayments [three (3) percent in the case of a corporation];
- four (4) percent for underpayments;
- six (6) percent for large corporate underpayments; and
- one and one-half (1.5) percent for the portion of a corporate overpayment exceeding $10,000.
The interest rates are computed from the federal short-term rate based on daily compounding determined during October 2003.
2003 SmartPros Ltd. All rights reserved.
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