Interest Rates Unchanged for the Third Quarter of 2012

25 May 2012 2:25 PM | Anonymous

Interest Rates Unchanged for the Third Quarter of 2012

The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning July 1, 2012. The rates will be:
  • three (3) percent for overpayments [two (2) percent in the case of a corporation];
  • three (3) percent for underpayments;
  • five (5) percent for large corporate underpayments; and
  • one-half (0.5) percent for the portion of a corporate overpayment exceeding $10,000
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