{"id":1308,"date":"2013-05-24T10:11:53","date_gmt":"2013-05-24T15:11:53","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=1308"},"modified":"2013-05-24T10:11:53","modified_gmt":"2013-05-24T15:11:53","slug":"interest-rates-remain-the-same-for-the-third-quarter-of-2013","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=1308","title":{"rendered":"<a href=http:\/\/www.hoorfarlaw.com>Interest Rates Remain the Same for the Third Quarter of 2013<\/a>"},"content":{"rendered":"<p><a href=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2013\/05\/interestrate.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-thumbnail wp-image-1309\" title=\"interestrate\" src=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2013\/05\/interestrate-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p>The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2013, as in the prior quarter.\u00a0 The rates will be:<\/p>\n<ul>\n<li>three (3) percent for overpayments [two (2) percent in the case of a corporation];<\/li>\n<li>three (3) percent for underpayments;<\/li>\n<li>five (5) percent for large corporate underpayments; and<\/li>\n<li>one-half (0.5) percent for the portion of a corporate overpayment exceeding $10,000.<\/li>\n<\/ul>\n<p>Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis.\u00a0 For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.<\/p>\n<p>Generally, in the case of a corporation, the underpayment rate is the federal short-term rate plus 3 percentage points and the overpayment rate is the federal short-term rate plus 2 percentage points. The rate for large corporate underpayments is the federal short-term rate plus 5 percentage points. The rate on the portion of a corporate overpayment of tax exceeding $10,000 for a taxable period is the federal short-term rate plus one-half (0.5) of a percentage point.<\/p>\n<p>The interest rates announced today are computed from the federal short-term rate determined during April 2013 to take effect May 1, 2013, based on daily compounding.<\/p>\n<p>Courtesy of the Internal Revenue Service.<br \/>\nVisit our website at <a href=\"http:\/\/www.Hoorfarlaw.com\">www.Hoorfarlaw.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2013, as in the prior quarter.\u00a0 The rates will be: three (3) percent for overpayments [two (2) percent in the &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=1308\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[229,146,269,16,270],"class_list":["post-1308","post","type-post","status-publish","format-standard","hentry","category-general","tag-hoorfar-law","tag-internal-revenue-service","tag-interst-rates","tag-irs","tag-third-quarter"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1308"}],"version-history":[{"count":3,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1308\/revisions"}],"predecessor-version":[{"id":1312,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1308\/revisions\/1312"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}