Feb 28

Posted by: Dalby Wendland CPA
2/28/2012 3:20 PM  RssIcon

The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning April 1, 2012.  The rates will be:  

  • Three (3) percent for overpayments (two (2) percent in the case of a corporation);
  • Three (3) percent for underpayments;
  • Five (5) percent for large corporate underpayments; and
  • One-half (0.5) percent for the portion of a corporate overpayment exceeding $10,000.

The 3 percent rate also applies to estimated tax underpayments for the second calendar quarter in 2012, including the first 15 days in April 2012.

Call your DWC tax advisor for more information.

Dalby, Wendland & Co., P.C. is a Certified Public Accounting and Consulting firm in Western Colorado that provides professional accounting, audit, tax and business services to individuals and businesses of all sizes.  Dalby, Wendland & Co., P.C. has established offices in Grand Junction, Glenwood Springs, Montrose, Aspen, Rifle, and Telluride that allows us the flexibility to serve thousands of clients all over Western Colorado.  As Western Colorado's oldest and largest accounting firm headquartered in Colorado, we have had the opportunity to build strong relationships with our people, our clients, and our communities.

The information provided on this website is for informational purposes and does not constitute an accountant-client relationship. We assume no liability or responsibility for any errors or omissions in the content of this website. Any U.S. federal tax advice contained in this website is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law. We recommend you call our firm before implementing any tax techniques discussed in this letter, or if further accounting, tax, or financial advice from a professional accounting firm is required.

Search

The DWC Newswire

Just One Way Accountants Have Fun!
Claiming the Earned Income Tax Credit
BEWARE of Fake IRS Scams!
How to Write Off Your Home Office
Always Report Income Received From Foreign Sources
Dalby, Wendland & Co., P.C. Announces Promotions
Tax Facts if You Sell Your Home
got investments?
Is Bartering Taxable?
Identity Theft: 5 Tips from a Prior Fraudster
Continuing the Fight on Cancer
Golf for a Good Cause
Tips About Tip Income
GO HUSKERS!
Lower Your Taxes and Your Heating/Cooling Bill
Supporting the Accounting Industry
Tax Deadline Reminders
Does Your Child Have Investment Income?
Deducting Medical and Dental Expenses