{"id":954,"date":"2012-11-30T16:30:46","date_gmt":"2012-11-30T21:30:46","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=954"},"modified":"2012-11-30T16:30:46","modified_gmt":"2012-11-30T21:30:46","slug":"interest-rates-remain-the-same-for-the-first-quarter-of-2013","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=954","title":{"rendered":"Interest Rates Remain the Same for the First Quarter of 2013"},"content":{"rendered":"<p>WASHINGTON \u2015 The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2013.\u00a0 The rates will be:<\/p>\n<ul>\n<li>\u00a0three (3) percent for overpayments [two (2) percent in the case of a corporation];<\/li>\n<li>\u00a0three (3) percent for underpayments;<\/li>\n<li>\u00a0five (5) percent for large corporate underpayments; and<\/li>\n<li>one-half (0.5) percent for the portion of a corporate\u00a0overpayment 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 October 2012\u00a0 to take effect\u00a0 November 1, 2012, based on daily compounding.<\/p>\n<p>Courtesy of The Internal Revenue Service.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON \u2015 The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2013.\u00a0 The rates will be: \u00a0three (3) percent for overpayments [two (2) percent in the case of a &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=954\">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_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-954","post","type-post","status-publish","format-standard","hentry","category-general"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/954","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=954"}],"version-history":[{"count":4,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/954\/revisions"}],"predecessor-version":[{"id":958,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/954\/revisions\/958"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}