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Old 11-28-2007, 09:21 PM   #1 (permalink)
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IRS drops interest rate for the first quarter of 2008

The Internal Revenue Service announced today that interest rates for the calendar quarter beginning January 1, 2008, will drop by one percentage point. The rate of interest is determined on a quarterly basis. For individuals, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points. The new rate for [...]

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