IRS drops interest rate for the first quarter of 2008
By Pamela Stewart, Attorney at Law on Nov 28, 2007 in General Bankruptcy Information
The Internal Revenue Service announced today that interest rates for the calendar quarter beginning January 1, 2008, will drop by one percentage point. The rate of interest is determined on a quarterly basis.
For individuals, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points. The new rate for individuals will be 7%.
If you liked that post, then try these...
Banks complain about consumer protection by Chip Parker, Jacksonville Bankruptcy Attorney
Can A Disallowed Claim In Chapter 13 Resurface? by Michael G. Doan, San Diego Bankruptcy Attorney
Will The Election Affect The Bankruptcy Laws? by Douglas Jacobs, California Bankruptcy Attorney
You must be logged in to post a comment.