February 23, 2011
Tip of the Week: Second Quarter Interest Rates Increase
Filed under: News
Vision Payroll

In IR-2011-017, the Internal Revenue Service (IRS) announced that interest rates for the second quarter of 2011 would increase from the first quarter. The rates are as follows:

  • Four (4) percent for overpayments [three (3) percent in the case of a corporation];
  • Four (4) percent for underpayments;
  • Six (6) percent for large corporate underpayments; and
  • One and one-half (1.5) percent for the portion of a corporate overpayment exceeding $10,000.

Revenue Ruling 2011-5 Contains Official Rate Announcement

The IRS will publish the rates in Revenue Ruling 2011-5. Contact Vision Payroll if you have any questions on the second quarter rates.


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