{"id":617,"date":"2016-04-07T12:15:07","date_gmt":"2016-04-07T17:15:07","guid":{"rendered":"http:\/\/cookco.us\/news\/?p=617"},"modified":"2016-04-07T12:15:07","modified_gmt":"2016-04-07T17:15:07","slug":"interest-rates-second-quarter-2016","status":"publish","type":"post","link":"https:\/\/cookco.us\/news\/interest-rates-second-quarter-2016\/","title":{"rendered":"Interest Rates for the Second Quarter of 2016"},"content":{"rendered":"

Interest rates have increased for the calendar quarter beginning April 1, 2016.<\/h2>\n

The rates will be: four (4) percent for overpayments, three (3) percent in the case of a corporation, one and one-half (1.5) percent for the portion of a corporate overpayment exceeding $10,000, four (4) percent for underpayments and six (6) percent for large corporate underpayments.<\/h3>\n

\"Sexy<\/a>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 3 percentage points.<\/p>\n

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

The interest rates announced today are computed from the federal short-term rate determined during January 2016 to take effect Feb. 1, 2016, based on daily compounding. The federal short-term rate has increased from 0% to 1%. This is the first change to the interest rates since the fourth calendar quarter of 2010 when the federal short-term rate decreased from 1% to 0%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Interest rates have increased for the calendar quarter beginning April 1, 2016. The rates will be: four (4) percent for overpayments, three (3) percent in the case of a corporation, one and one-half (1.5) percent for the portion of a corporate overpayment exceeding $10,000, four (4) percent for underpayments and six (6) percent for large […]<\/p>\n","protected":false},"author":1,"featured_media":619,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"2016-04-07T17:15:23Z","apple_news_api_id":"d0229808-cf8a-4487-8bcb-649a30ccd7fe","apple_news_api_modified_at":"2016-04-07T17:15:23Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/A0CKYCM-KRIeLy2SaMMzX_g","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":[50],"class_list":["post-617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-interest-rates"],"apple_news_notices":[],"_links":{"self":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/617","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=617"}],"version-history":[{"count":0,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/media\/619"}],"wp:attachment":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/media?parent=617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/categories?post=617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/tags?post=617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}