Posted on December 12, 2011

The IRS announced on November 28, 2011 that interest rates will remain the same for the calendar quarter beginning January 1, 2012. Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. The interest rates announced are computed from the federal short-term rate during October 2011 to take effect November 1, 2011, based on daily computing.

Click here for more details on the interest rates for overpayments and underpayments.