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IRS Announces Overpayment and Underpayment Interest Rates for Quarter Beginning October 1, 2017 (IR-2017-147; Rev. Rul. 2017-18)

The IRS has announced that the interest rates for the calendar quarter beginning October 1, 2017, will be 4 percent for overpayments (3 percent in the case of a corporation), 4 percent for underpayments and 6 percent for large corporate underpayments. The interest rate for the portion of a corporate overpayment exceeding $10,000 is 1.5 […]

The post IRS Announces Overpayment and Underpayment Interest Rates for Quarter Beginning October 1, 2017 (IR-2017-147; Rev. Rul. 2017-18) appeared first on Tax & Accounting Blog.

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