Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 5099-5100 [2019-02834]

Download as PDF 5099 Federal Register / Vol. 84, No. 34 / Wednesday, February 20, 2019 / Notices Last/company name First name Goris ......................................................................... Keller ......................................................................... Kennedy .................................................................... Landsbaum ............................................................... Langham ................................................................... Meadows ................................................................... Meadows ................................................................... Strobel ....................................................................... Vogt ........................................................................... Williams ..................................................................... Bastman .................................................................... Hall ............................................................................ Huber ........................................................................ Joye .......................................................................... Karumsi ..................................................................... Lisowski .................................................................... Menendez ................................................................. Rodrigues .................................................................. Santana .................................................................... Suzanne Shiffer CB, Inc ........................................... Villar .......................................................................... Wise .......................................................................... Depace ...................................................................... Essex ........................................................................ Golemon ................................................................... Oskul ......................................................................... Seligmann ................................................................. Ware ......................................................................... Jan C ........................................................................ Donald A .................................................................. Duane ....................................................................... Daniel ....................................................................... Stan .......................................................................... Matthew .................................................................... William Harry ............................................................ Alicia ......................................................................... Cynthia A ................................................................. Richard ..................................................................... Anders ...................................................................... Corie ......................................................................... Donald ...................................................................... Mark ......................................................................... Dipan ........................................................................ Louis ......................................................................... Robert ...................................................................... Raymond .................................................................. Freddie ..................................................................... .................................................................................. Barbara .................................................................... Jonathan .................................................................. Lawrence .................................................................. Ashley E ................................................................... Meredith Lee ............................................................ Mehrnoosh Rouhani ................................................. Emanuel Mark .......................................................... Sarah Rebecca ........................................................ Dated: December 21, 2018. Brenda B. Smith, Executive Assistant Commissioner, Office of Trade. [FR Doc. 2019–02837 Filed 2–19–19; 8:45 am] BILLING CODE 9111–14–P FOR FURTHER INFORMATION CONTACT: DEPARTMENT OF HOMELAND SECURITY Bruce Ingalls, Revenue Division, Collection Refunds & Analysis Branch, 6650 Telecom Drive, Suite #100, Indianapolis, Indiana 46278; telephone (317) 298–1107. SUPPLEMENTARY INFORMATION: U.S. Customs and Border Protection Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties Background U.S. Customs and Border Protection, Department of Homeland Security. ACTION: General notice. AGENCY: This notice advises the public that the quarterly Internal Revenue Service interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties will increase from the previous quarter. For the calendar quarter beginning January 1, 2019, the interest rates for overpayments will be 5 percent for corporations and 6 percent for noncorporations, and the interest rate for underpayments will be 6 percent for both corporations and non-corporations. SUMMARY: VerDate Sep<11>2014 17:16 Feb 19, 2019 Jkt 247001 This notice is published for the convenience of the importing public and U.S. Customs and Border Protection personnel. DATES: The rates announced in this notice are applicable as of January 1, 2019. Pursuant to 19 U.S.C. 1505 and Treasury Decision 85–93, published in the Federal Register on May 29, 1985 (50 FR 21832), the interest rate paid on applicable overpayments or underpayments of customs duties must be in accordance with the Internal Revenue Code rate established under 26 U.S.C. 6621 and 6622. Section 6621 provides different interest rates applicable to overpayments: one for corporations and one for noncorporations. The interest rates are based on the Federal short-term rate and determined by the Internal Revenue Service (IRS) on behalf of the Secretary of the Treasury on a quarterly basis. The rates effective for a quarter are determined during the PO 00000 Frm 00054 Fmt 4703 Sfmt 4703 License 20327 03776 23728 04946 04580 11512 04292 16640 15189 20444 15744 13627 12053 06478 17360 13901 05544 20407 24349 27645 07387 23277 11579 30753 22352 13676 07328 13978 Port of issuance St. Louis. St. Louis. St. Louis. St. Louis. St. Louis. St. Louis. St. Louis. St. Louis. St. Louis. St. Louis. Tampa. Tampa. Tampa. Tampa. Tampa. Tampa. Tampa. Tampa. Tampa. Tampa. Tampa. Tampa. Washington, Washington, Washington, Washington, Washington, Washington, DC. DC. DC. DC. DC. DC. first-month period of the previous quarter. In Revenue Ruling 2018–32, the IRS determined the rates of interest for the calendar quarter beginning January 1, 2019, and ending on March 31, 2019. The interest rate paid to the Treasury for underpayments will be the Federal short-term rate (3%) plus three percentage points (3%) for a total of six percent (6%) for both corporations and non-corporations. For corporate overpayments, the rate is the Federal short-term rate (3%) plus two percentage points (2%) for a total of five percent (5%). For overpayments made by non-corporations, the rate is the Federal short-term rate (3%) plus three percentage points (3%) for a total of six percent (6%). These interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties are increased from the previous quarter. These interest rates are subject to change for the calendar quarter beginning April 1, 2019, and ending June 30, 2019. For the convenience of the importing public and U.S. Customs and Border Protection personnel the following list of IRS interest rates used, covering the period from July of 1974 to date, to calculate interest on overdue accounts and refunds of customs duties, is published in summary format. E:\FR\FM\20FEN1.SGM 20FEN1 5100 Federal Register / Vol. 84, No. 34 / Wednesday, February 20, 2019 / Notices Beginning date 070174 070175 020176 020178 020180 020182 010183 070183 010185 070185 010186 070186 010187 100187 010188 040188 100188 040189 100189 040191 010192 040192 100192 070194 100194 040195 070195 040196 070196 040198 010199 040199 040100 040101 070101 010102 010103 100103 040104 070104 100104 040105 100105 070106 010108 040108 070108 100108 010109 040109 010111 040111 100111 040116 040118 010119 Underpayments (percent) Ending date ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... 063075 013176 013178 013180 013182 123182 063083 123184 063085 123185 063086 123186 093087 123187 033188 093088 033189 093089 033191 123191 033192 093092 063094 093094 033195 063095 033196 063096 033198 123198 033199 033100 033101 063001 123101 123102 093003 033104 063004 093004 033105 093005 063006 123107 033108 063008 093008 123108 033109 123110 033111 093011 033116 033118 123118 033119 Dated: February 12, 2019. Samuel D. Grable, Assistant Commissioner and Chief Financial Officer, Office of Finance. [FR Doc. 2019–02834 Filed 2–19–19; 8:45 am] BILLING CODE 9111–14–P ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... ......................................................... U.S. Customs and Border Protection SUMMARY: U.S. Customs and Border Protection, Department of Homeland Security. 17:16 Feb 19, 2019 Jkt 247001 PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 6 9 7 6 12 20 16 11 13 11 10 9 8 9 10 9 10 11 10 9 8 7 6 7 8 9 8 7 8 7 7 8 9 8 7 6 5 4 5 4 5 6 7 8 7 6 5 6 5 4 3 4 3 4 5 6 Corporate overpayments (Eff. 1–1–99) (percent) .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... 6 7 8 7 6 5 4 3 4 3 4 5 6 7 6 5 4 5 4 3 2 3 2 3 4 5 Revocation of customs broker’s ACTION: AGENCY: VerDate Sep<11>2014 6 9 7 6 12 20 16 11 13 11 10 9 9 10 11 10 11 12 11 10 9 8 7 8 9 10 9 8 9 8 7 8 9 8 7 6 5 4 5 4 5 6 7 8 7 6 5 6 5 4 3 4 3 4 5 6 DEPARTMENT OF HOMELAND SECURITY Notice of Revocation of Customs Broker’s License Overpayments (percent) license. This document provides notice of the revocation by operation of law of a customs broker’s license. FOR FURTHER INFORMATION CONTACT: Melba Hubbard, Branch Chief, Broker Management, Office of Trade, (202) 325–6986, melba.hubbard@cbp.dhs.gov. E:\FR\FM\20FEN1.SGM 20FEN1

Agencies

[Federal Register Volume 84, Number 34 (Wednesday, February 20, 2019)]
[Notices]
[Pages 5099-5100]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-02834]


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DEPARTMENT OF HOMELAND SECURITY

U.S. Customs and Border Protection


Quarterly IRS Interest Rates Used in Calculating Interest on 
Overdue Accounts and Refunds on Customs Duties

AGENCY: U.S. Customs and Border Protection, Department of Homeland 
Security.

ACTION: General notice.

-----------------------------------------------------------------------

SUMMARY: This notice advises the public that the quarterly Internal 
Revenue Service interest rates used to calculate interest on overdue 
accounts (underpayments) and refunds (overpayments) of customs duties 
will increase from the previous quarter. For the calendar quarter 
beginning January 1, 2019, the interest rates for overpayments will be 
5 percent for corporations and 6 percent for non-corporations, and the 
interest rate for underpayments will be 6 percent for both corporations 
and non-corporations. This notice is published for the convenience of 
the importing public and U.S. Customs and Border Protection personnel.

DATES: The rates announced in this notice are applicable as of January 
1, 2019.

FOR FURTHER INFORMATION CONTACT: Bruce Ingalls, Revenue Division, 
Collection Refunds & Analysis Branch, 6650 Telecom Drive, Suite #100, 
Indianapolis, Indiana 46278; telephone (317) 298-1107.

SUPPLEMENTARY INFORMATION:

Background

    Pursuant to 19 U.S.C. 1505 and Treasury Decision 85-93, published 
in the Federal Register on May 29, 1985 (50 FR 21832), the interest 
rate paid on applicable overpayments or underpayments of customs duties 
must be in accordance with the Internal Revenue Code rate established 
under 26 U.S.C. 6621 and 6622. Section 6621 provides different interest 
rates applicable to overpayments: one for corporations and one for non-
corporations.
    The interest rates are based on the Federal short-term rate and 
determined by the Internal Revenue Service (IRS) on behalf of the 
Secretary of the Treasury on a quarterly basis. The rates effective for 
a quarter are determined during the first-month period of the previous 
quarter.
    In Revenue Ruling 2018-32, the IRS determined the rates of interest 
for the calendar quarter beginning January 1, 2019, and ending on March 
31, 2019. The interest rate paid to the Treasury for underpayments will 
be the Federal short-term rate (3%) plus three percentage points (3%) 
for a total of six percent (6%) for both corporations and non-
corporations. For corporate overpayments, the rate is the Federal 
short-term rate (3%) plus two percentage points (2%) for a total of 
five percent (5%). For overpayments made by non-corporations, the rate 
is the Federal short-term rate (3%) plus three percentage points (3%) 
for a total of six percent (6%). These interest rates used to calculate 
interest on overdue accounts (underpayments) and refunds (overpayments) 
of customs duties are increased from the previous quarter. These 
interest rates are subject to change for the calendar quarter beginning 
April 1, 2019, and ending June 30, 2019.
    For the convenience of the importing public and U.S. Customs and 
Border Protection personnel the following list of IRS interest rates 
used, covering the period from July of 1974 to date, to calculate 
interest on overdue accounts and refunds of customs duties, is 
published in summary format.

[[Page 5100]]



----------------------------------------------------------------------------------------------------------------
                                                                                                    Corporate
                                                                Underpayments     Overpayments     overpayments
           Beginning date                   Ending date           (percent)        (percent)      (Eff. 1-1-99)
                                                                                                    (percent)
----------------------------------------------------------------------------------------------------------------
070174..............................  063075.................                6                6  ...............
070175..............................  013176.................                9                9  ...............
020176..............................  013178.................                7                7  ...............
020178..............................  013180.................                6                6  ...............
020180..............................  013182.................               12               12  ...............
020182..............................  123182.................               20               20  ...............
010183..............................  063083.................               16               16  ...............
070183..............................  123184.................               11               11  ...............
010185..............................  063085.................               13               13  ...............
070185..............................  123185.................               11               11  ...............
010186..............................  063086.................               10               10  ...............
070186..............................  123186.................                9                9  ...............
010187..............................  093087.................                9                8  ...............
100187..............................  123187.................               10                9  ...............
010188..............................  033188.................               11               10  ...............
040188..............................  093088.................               10                9  ...............
100188..............................  033189.................               11               10  ...............
040189..............................  093089.................               12               11  ...............
100189..............................  033191.................               11               10  ...............
040191..............................  123191.................               10                9  ...............
010192..............................  033192.................                9                8  ...............
040192..............................  093092.................                8                7  ...............
100192..............................  063094.................                7                6  ...............
070194..............................  093094.................                8                7  ...............
100194..............................  033195.................                9                8  ...............
040195..............................  063095.................               10                9  ...............
070195..............................  033196.................                9                8  ...............
040196..............................  063096.................                8                7  ...............
070196..............................  033198.................                9                8  ...............
040198..............................  123198.................                8                7  ...............
010199..............................  033199.................                7                7                6
040199..............................  033100.................                8                8                7
040100..............................  033101.................                9                9                8
040101..............................  063001.................                8                8                7
070101..............................  123101.................                7                7                6
010102..............................  123102.................                6                6                5
010103..............................  093003.................                5                5                4
100103..............................  033104.................                4                4                3
040104..............................  063004.................                5                5                4
070104..............................  093004.................                4                4                3
100104..............................  033105.................                5                5                4
040105..............................  093005.................                6                6                5
100105..............................  063006.................                7                7                6
070106..............................  123107.................                8                8                7
010108..............................  033108.................                7                7                6
040108..............................  063008.................                6                6                5
070108..............................  093008.................                5                5                4
100108..............................  123108.................                6                6                5
010109..............................  033109.................                5                5                4
040109..............................  123110.................                4                4                3
010111..............................  033111.................                3                3                2
040111..............................  093011.................                4                4                3
100111..............................  033116.................                3                3                2
040116..............................  033118.................                4                4                3
040118..............................  123118.................                5                5                4
010119..............................  033119.................                6                6                5
----------------------------------------------------------------------------------------------------------------


    Dated: February 12, 2019.
Samuel D. Grable,
Assistant Commissioner and Chief Financial Officer, Office of Finance.
[FR Doc. 2019-02834 Filed 2-19-19; 8:45 am]
BILLING CODE 9111-14-P