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SEPP % rate

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Bysurfer

L1: SEPP % rateThe interest rate used in the amortization method under the new SEPP rules may not exceed the applicable IRS rate for “either of the two months immediately preceeding the month payments begin.” Does that mean the rate used cannot exceed either of those two months or can you choose either month’s rate?2003-04-30 13:56, By: surfer, IP: [127.0.0.1]
L2: SEPP % rateIt means that the maximum rate that you can use is the highest rate that was posted for either of the prevoius two months. For May, the maximum would be 3.89% – the greater of the two rates for March and April.2003-04-30 13:59, By: Gfw, IP: [127.0.0.1]

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