Regulation & law · 22/10/1999

Quarterly IRS Interest Rates for Overdue Accounts and Customs Refunds

The Internal Revenue Service has announced quarterly interest rates for calculating interest on overdue accounts and refunds of Customs duties, effective October 1, 1999. The rates are 7% for corporate overpayments and 8% for non-corporate overpayments, and 8% for underpayments.