Third-quarter interest rates stay the same
The IRS has released the interest rates on tax overpayments and underpayments for the third quarter of 2018.
The interest rates on overpayments will be 5 percent for individuals and 4 percent for corporations. Corporate overpayments exceeding $10,000 will have a 2.5 percent interest rate. The rate charged on underpayments will be 5 percent; though large corporate underpayments will be charged 7 percent.
As always, feel free to pass this Tip along to friends, and reach out if you need help with your personal tax and finance situation.
651 Via Alondra Suite 715
Camarillo, CA 93012
This DiSabatino CPA Quick Tip provides thought invoking information regarding the subject matter at time of publishing. Please call with any questions on how this information may impact your situation. This material may not be published, rewritten or redistributed without permission, except as noted here. All rights reserved.