Interest rates remain the same for the fourth quarter of 2019

Interest rates remain the same for the fourth quarter of 2019

An official website of the United States Government

IR-2019-146, August 28, 2019

WASHINGTON — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning October 1, 2019, as they were in the prior quarter.

The rates will be:

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

Generally, in the case of a corporation, the underpayment rate is the federal short-term rate plus 3 percentage points and the overpayment rate is the federal short-term rate plus 2 percentage points. The rate for large corporate underpayments is the federal short-term rate plus 5 percentage points. The rate on the portion of a corporate overpayment of tax exceeding $10,000 for a taxable period is the federal short-term rate plus one-half (0.5) of a percentage point.

The interest rates announced today are computed from the federal short-term rate determined during July 2019 to take effect August 1, 2019, based on daily compounding.

Revenue Ruling 2019-21 (PDF), announcing the rates of interest, is attached and will appear in Internal Revenue Bulletin 2019-38, dated September 16, 2019.

An official website of the United States Government

IR-2019-146, August 28, 2019

WASHINGTON — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning October 1, 2019, as they were in the prior quarter.

The rates will be:

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

Generally, in the case of a corporation, the underpayment rate is the federal short-term rate plus 3 percentage points and the overpayment rate is the federal short-term rate plus 2 percentage points. The rate for large corporate underpayments is the federal short-term rate plus 5 percentage points. The rate on the portion of a corporate overpayment of tax exceeding $10,000 for a taxable period is the federal short-term rate plus one-half (0.5) of a percentage point.

The interest rates announced today are computed from the federal short-term rate determined during July 2019 to take effect August 1, 2019, based on daily compounding.

Revenue Ruling 2019-21 (PDF), announcing the rates of interest, is attached and will appear in Internal Revenue Bulletin 2019-38, dated September 16, 2019.

Research & References of Interest rates remain the same for the fourth quarter of 2019|A&C Accounting And Tax Services
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