Nov-21-2023 - IRS interest rates remain the same for the first quarter of 2024 beginning January 1. The regular non-corporate underpayment and overpayment interest rates remain 8%. See Revenue Ruling 2023-22.
Nov-10-2023 - IRS announced the 2024 inflation factors in Revenue Procedure 2023-34. The 2024 basic exclusion amount for determining the amount of unified credit is $13,610,000, and the "2-percent portion" under section 6601(j) is $1,850,000. The amount of tax deferred at the 2% rate is $740,000.
Aug-25-2023 - IRS interest rates increase for the fourth quarter of 2023 beginning October 1. The regular non-corporate underpayment and overpayment interest rates increase to 8%. See Revenue Ruling 2023-17.
May-22-2023 - IRS interest rates remain the same for the third quarter of 2023 beginning July 1. The regular non-corporate underpayment and overpayment interest rates remain 7%. See Revenue Ruling 2023-11.
Feb-17-2023 - IRS interest rates remain the same for the second quarter of 2023 beginning April 1. The regular non-corporate underpayment and overpayment interest rates remain 7%. See Revenue Ruling 2023-4.
Nov-30-2022 - IRS interest rates increase for the first quarter of 2023 beginning January 1. The regular non-corporate underpayment and overpayment interest rates will be 7%. See Revenue Ruling 2022-23.
Nov-16-2022 - The IRS is soliciting comments concerning Form 4768, Application for Extension of Time To File a Return and/or Pay U.S. Estate (and Generation-Skipping Transfer) Taxes. Written comments must be received on or before January 17, 2023 to be assured of consideration.