RR-2018-32: Interest rates

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IRS GuideWire

December 6, 2018

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Issue Number: RR-2018-32

Inside This Issue

Revenue Ruling 2018-32 provides the interest rates for underpayments and overpayments. The rates for interest determined under Section 6621 of the code for the calendar quarter beginning January 1, 2019, will be 6 percent for overpayments (5 percent in the case of a corporation), 6 percent for underpayments, and 8 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 will be 3.5 percent.

Revenue Ruling 2018-32 will be in IRB 2018-51, dated December 17, 2018.

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