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To: Tom Kearney who wrote (1169)8/10/2000 4:26:33 PM
From: Mama Bear  Read Replies (1) | Respond to of 57684
 
Actually, I looked it up, it's 0.5% per month with a cap of 25%, plus annualized interest in the amount of 3% + the Federal short term rate. I guess that's 1 year treasuries. The 5% per month is for late filing, also with a cap of 25%.

irs.gov

Regards,

Barb