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Corporate Overpayment Calculator
Amount Due:
(
The amount the IRS owes
)
$
Due Date:
(
The day the IRS owed
)
📅
Payment date:
(
The day the IRS paid
)
📅
IRS Overpayment Interest Results
Amount Due
$
Interest
$
Balance
$
The amount due from
, which gathered interest until
, has compounded to:
$
0.00
.
IRS Interest Rates Table
Explain this calculation
*Individual overpayment rates are the same as the
underpayment rate
.
Detailed Corporate Overpayment Report
Date
Citation
Explanation
IRC §6601(a)
The interest calculation is initialized with the amount due of $
.
IRC §6621
Interest is computed to the nearest full percentage point of the
Federal short term rate
for that calendar quarter, plus 2% for corporate overpayments under $10,000, and plus 0.5% for the excess over $10,000.
Rev. Proc. 95-17
Calculate interest by multiplying the factor provided in Rev. Proc. 95-17 by the amount owing. In leaps years, use these
Rev. Proc. 95-17
.
Date
Factor
Explanation:
Interest:
Date
Factor
Explanation
Interest
Subtotal:
Total Interest:
$
Balance:
$