Canadian Interest Calculator

Corporate Overpayment Calculator

Amount Due:

(The amount the IRS owes)

Due Date:

(The day the IRS owed)

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Payment date:

(The day the IRS paid)

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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: