Regulation & law · 04/04/2013

Quarterly IRS Interest Rates for Overdue Accounts and Customs Duties Refunds

The IRS has announced quarterly interest rates for calculating interest on overdue accounts and refunds of customs duties, effective April 1, 2013. The rates are 2% for corporate overpayments and 3% for non-corporate overpayments, and 3% for both corporate and non-corporate underpayments.