Tax Guru-Ker$tetter Letter
	
   
   
        Monday, September 15, 2003
   
   
    Lower IRS Interest Rate
Each quarter of the year, IRS re-evaluates the appropriate rate of interest it charges on late payments and pays on refunds from amended returns. For the first three quarters of 2003 (through September 30) it's held steady at five percent (5%). IRS has just announced that the rate will be reduced for the fourth quarter (October 1 to December 31) to just four percent (4%).

	
	
        










