Regulation & law · 05/01/2010

IRS Announces Quarterly Interest Rates for Overdue Accounts and Customs Refunds

The Internal Revenue Service has published quarterly interest rates for calculating interest on overdue accounts and refunds of customs duties, effective January 1, 2010, with rates of 3% for corporations and 4% for non-corporations for overpayments, and 4% for underpayments.