CBP Issues FR Notice of Fourth Quarter 2010 IRS Interest Rates
U.S. Customs and Border Protection has issued a Federal Register notice that the fourth quarter 2010 (October 1 - December 31, 2010) Internal Revenue Service interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs…
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duties are: 3% for overpayments by corporations; 4% for non-corporations; and 4% for underpayments, which are unchanged from third quarter 2010 rates. (See ITT's Online Archives or 08/23/10 news, 10082313, for BP summary of the IRS' announcement of these rates.)