RR-2011-12: 3rd Quarter Interest Rates 2011
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Issue Number: RR-2011-12Inside This IssueRevenue Ruling 2011-12 provides the rates for interest on tax overpayments and underpayments for the calendar quarter beginning July 1, 2011. The interest rates will be 4 percent for overpayments (3 percent in the case of a corporation), 4 percent for underpayments, 1 and one-half percent for the portion of a corporate overpayment exceeding 10,000, and 6 percent for large corporate underpayments. This quarterly determination is required by section 6621 of the Internal Revenue Code. Revenue Ruling 2011-12 will be in IRB 2011-26, dated June 27, 2011.
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