{"id":5062,"date":"2025-03-31T10:08:17","date_gmt":"2025-03-31T15:08:17","guid":{"rendered":"https:\/\/cookco.us\/news\/?p=5062"},"modified":"2025-03-31T10:08:25","modified_gmt":"2025-03-31T15:08:25","slug":"interest-rates-2","status":"publish","type":"post","link":"https:\/\/cookco.us\/news\/interest-rates-2\/","title":{"rendered":"Interest Rates"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\">Remain the Same for the Second Quarter of 2025<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily. Here is a complete list of the new rates:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>7% for overpayments (payments made in excess of the amount owed), 6% for corporations.<\/li>\n\n\n\n<li>4.5% for the portion of a corporate overpayment exceeding $10,000.<\/li>\n\n\n\n<li>7% for underpayments (taxes owed but not fully paid).<\/li>\n\n\n\n<li>9% for large corporate underpayments.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus three percentage points.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/cookco.us\/news\/wp-content\/uploads\/2025\/03\/wedding-on-sunday-1024x683.jpg\" alt=\"Greg\" class=\"wp-image-5055\" srcset=\"https:\/\/cookco.us\/news\/wp-content\/uploads\/2025\/03\/wedding-on-sunday-1024x683.jpg 1024w, https:\/\/cookco.us\/news\/wp-content\/uploads\/2025\/03\/wedding-on-sunday-350x233.jpg 350w, https:\/\/cookco.us\/news\/wp-content\/uploads\/2025\/03\/wedding-on-sunday-1536x1024.jpg 1536w, https:\/\/cookco.us\/news\/wp-content\/uploads\/2025\/03\/wedding-on-sunday-2048x1366.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">I missed my Sunday Morning Blog, perhaps I can do a mid-week post.<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Generally, in the case of a corporation, the underpayment rate is the federal short-term rate plus three percentage points and the overpayment rate is the federal short-term rate plus two percentage points. The rate for large corporate underpayments is the federal short-term rate plus five 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\n\n\n<p class=\"wp-block-paragraph\"><em>The interest rates are computed from the federal short-term rate determined during January 2025. See the revenue ruling for details.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em><a href=\"https:\/\/www.irs.gov\/pub\/irs-drop\/rr-25-07.pdf\">Revenue Ruling 2025-7\u00a0<strong>PDF<\/strong><\/a>\u00a0announcing the rates of interest, is attached and appears in Internal Revenue Bulletin 2025-13, dated March 24, 2025.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Telephone Traffic this Week 1,001 Calls!<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"881\" height=\"523\" src=\"https:\/\/cookco.us\/news\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-31.png\" alt=\"\" class=\"wp-image-5065\" srcset=\"https:\/\/cookco.us\/news\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-31.png 881w, https:\/\/cookco.us\/news\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-31-350x208.png 350w\" sizes=\"auto, (max-width: 881px) 100vw, 881px\" \/><figcaption class=\"wp-element-caption\">We had 379 Incoming Calls and 622 Outgoing Calls<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Remain the Same for the Second Quarter of 2025 For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily. Here is a complete list of the new rates: Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2388,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"2025-03-31T15:08:58Z","apple_news_api_id":"e210a027-ac1c-4c2d-9889-8c05851f01da","apple_news_api_modified_at":"2025-03-31T15:08:58Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/A4hCgJ6wcTC2YiYwFhR8B2g","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[1],"tags":[207,211,208,210],"class_list":["post-5062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-interest","tag-quarter","tag-rates","tag-second"],"apple_news_notices":[],"_links":{"self":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/5062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/comments?post=5062"}],"version-history":[{"count":3,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/5062\/revisions"}],"predecessor-version":[{"id":5066,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/5062\/revisions\/5066"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/media\/2388"}],"wp:attachment":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/media?parent=5062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/categories?post=5062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/tags?post=5062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}