Revenue Ruling 2019-15

NSTPInternal Revenue Service (IRS)

Revenue Ruling 2019-15

Revenue Ruling 2019-15: Section 6621, determination of rate of interest as of July 1, 2019

Revenue Ruling 2019-15 (see here) provides the interest rates: underpayments and overpayments. The rates for interest determined under Section 6621 of the code for the calendar quarter beginning July 1, 2019, will be 5 percent for overpayments (4 percent in the case of a corporation), 5 percent for underpayments, and 7 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 will be 2.5 percent.