 |
20.2.5.1
(03-01-2002)
Underpayment Interest Overview
-
Debit interest, at the underpayment rate established under IRC section 6621, is charged on an outstanding liability from the
due date of the UNPAID liability to the date fully paid.
-
The rate is set quarterly.
-
Special rules apply for large corporate underpayments and tax motivated transactions (TMT).
-
See Lem 20.2.
|
|
|
