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IRS ISSUES INTEREST RATES FOR FIRST QUARTER 2008

November 29, 2007

The IRS has updated its interest rates for underpayments and overpayments for the first quarter of 2008 (IR 2007-193):

- 7% for overpayments
- 6% for corporation overpayments
- 4.5% for corporation overpyaments over $10,000
- 7% for underpayments
- 9% for large corporation underpayments

These are all down one percentage point from the fourth quarter of 2007.

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