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IRS Penalty Interest Rate

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Last Updated On
ByJohn H

L1: IRS Penalty Interest RateAs a first-time user of the 72(t) Payment Calculator, it shows 5.00 as the IRS Penalty Interest Rate. What does this mean?2006-02-24 12:55, By: John H, IP: [24.249.104.198]
L2: IRS Penalty Interest RateIt is the penalty rate applied to the back payments of 10% early withdrawal penalties if the SEPP is modified. However, I wonder if this should now show 7%, as that is the current underpayment penalty interest rate. I could be missing something or the interest rate has not been updated…………2006-02-24 21:42, By: Alan S., IP: [24.116.165.157]

L2: IRS Penalty Interest RateIdon’t even attempt to keep the penaltyrate up-to-date. However, it is someting that I may look into for a future project.2006-02-25 04:28, By: Gfw, IP: [24.148.5.55]

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