The IRS has announced that the interest rates for the calendar quarter beginning January 1, 2005 are unchanged from the previous quarter. The rates are

• 5% for overpayments (4% in the case of a corporation)
• 5% for underpayments
• 7% for large corporate underpayments
• 2.5% for the portion of a corporate overpayment exceeding $10,000.

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...back to 9 December 2004


Further information:
www.irs.gov/pub/irs-drop/rr-04-111.pdf
www.irs.gov/newsroom/article/0,,id=131772,00.html