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If I wanted to fill in the 2020 interest rates in Tools > Miscellaneous...where do I find those?

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Level 15
Level 15

Ive been digging around on the web, looking for a schedule, but all Im finding is 2019 and the first quarter of 2020

interestrates.png


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 15

The rates are released quarterly, so Q2-4 2020 are not out yet. For CA and other states you can go to the states websites.


ex-AllStar

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Level 15
Level 15

Again, that only shows 2019 and the first qtr of 2020....and the link to CA on that Intuit page is a dead link.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 15

The rates are released quarterly, so Q2-4 2020 are not out yet. For CA and other states you can go to the states websites.


ex-AllStar

View solution in original post

Level 15
Level 15
Thank you!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 12

@Just-Lisa-Now- 

Are you signed up for e-newsletters? This just came in by email:

"Interest rates will hold steady for the calendar quarter beginning April 1. The rates will be:  

  • Five percent for overpayments (four percent in the case of a corporation)
  • Two and one-half percent for the portion of a corporate overpayment exceeding $10,000
  • Five percent for underpayments
  • Seven percent for large corporate underpayments

Revenue Ruling 2020-7 announcing the rates of interest will appear in Internal Revenue Bulletin 2020-12."

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Yes, did you notice that email newsletter today reported on Cincinnati post office boxes, but did not include the news that a new National Taxpayer Advocate was appointed this week?

(We wish her well, and we know she will get along with the Commissioner, her husband's former law partner.  For help with the move from Pasadena, they can ask the new head of the IRS Office of Professional Responsibility, who also worked at the same Los Angeles firm.)

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