Abby Normal Posted March 14, 2018 Report Share Posted March 14, 2018 Quarterly Interest Rates Increase for 2nd Quarter 2018 IRS has announced the interest rates for the 2nd quarter of 2018. As of April 1, 2018, the rates increase to: - 5% for most overpayments (4% for corporation overpayments) - 5% for underpayments - 7% for large corporate underpayments - 2.5% for corporate overpayments exceeding $10,000 As in past years when a rate change begins April 1st, for purposes of Form 2210, the former rate of 4% continues to apply through the unextended due date, April 17, 2018. Revenue Ruling 2018-7 https://www.irs.gov/newsroom/interest-rates-increase-for-the-second-quarter-of-2018 2 Quote Link to comment Share on other sites More sharing options...
JohnH Posted March 15, 2018 Report Share Posted March 15, 2018 These rates are still a bargain for a taxpayer who can't pay. Even after adding the FTP penalty, they're getting a reasonable interest rate for what's essentially an unsecured loan. 2 Quote Link to comment Share on other sites More sharing options...
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