IRS: Interest Rate Announcement
Greetings from Seth and Alexander,
New Release from the IRS:
The Internal Revenue Service announced on August 25th that the current overpayment and underpayment interest rates will remain the same for the fourth quarter of 2021.
What are the current interest rates?
Where do these rates come from?
These interest rates are determined on a quarterly basis under the Internal Revenue Code. For taxpayers who are not corporations, this rate is calculated by taking the federal short-term rate and adding 3 percentage points.
For more information on these interest rate, please contact your
Seth and Alexander Team:
(713) 965-7572 ext. 705