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Corporation Rates (2009)
Quarterly Interest Rates Rise for 1st Quarter 2009
IRS has announced the interest rates for the 1st quarter of 2009. The rates rise to:
- 5% for most overpayments (5% for corporation overpayments)
- 5% for underpayments
- 7% for large corporate underpayments
- 2.5% for corporate overpayments exceeding $10,000
Corporation Notes should not be less than 5 % in most cases.
These rates are effective January 1, 2009.
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