Skip to content

Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

Click Now!


IRS interest rates decrease

The Internal Revenue Service announced yesterday that its interest rates will decrease for the calendar quarter beginning July 1, 2020. The rates will be:

  • 3 percent for overpayments [2 percent in the case of a corporation];
  • 0.5 percent for the portion of a corporate overpayment exceeding $10,000;
  • 3 percent for underpayments; and
  • 5 percent for large corporate underpayments.

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.

Training View All

Penalties View All

Search Top Stories