Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 15445-15446 [2022-05688]
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15445
Federal Register / Vol. 87, No. 53 / Friday, March 18, 2022 / Notices
percent for non-corporations, and the
interest rate for underpayments will be
4 percent for both corporations and noncorporations. 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 April 1, 2022.
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:
PEIS. This notice is issued under
authority of NEPA, specifically in
compliance with 42 U.S.C. 4332(2)(C)
and CEQ implementing regulations in
40 CFR parts 1500 through 1508.
Dated: March 14, 2022.
Aaron Pagnotti,
Waterways Commerce Cutter Program
Manager.
[FR Doc. 2022–05703 Filed 3–17–22; 8:45 am]
BILLING CODE 9110–04–P
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
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 April 1,
2022, the interest rates for overpayments
will be 3 percent for corporations and 4
SUMMARY:
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 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
jspears on DSK121TN23PROD with NOTICES1
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
VerDate Sep<11>2014
18:27 Mar 17, 2022
Under-payments
(percent)
Ending date
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Jkt 256001
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
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PO 00000
Frm 00088
Fmt 4703
first-month period of the previous
quarter.
In Revenue Ruling 2022–05, the IRS
determined the rates of interest for the
calendar quarter beginning April 1,
2022, and ending on June 30, 2022. The
interest rate paid to the Treasury for
underpayments will be the Federal
short-term rate (1%) plus three
percentage points (3%) for a total of four
percent (4%) for both corporations and
non-corporations. For corporate
overpayments, the rate is the Federal
short-term rate (1%) plus two
percentage points (2%) for a total of
three percent (3%). For overpayments
made by non-corporations, the rate is
the Federal short-term rate (1%) plus
three percentage points (3%) for a total
of four percent (4%). 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 July 1, 2022, and ending on
September 30, 2022.
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.
Sfmt 4703
Over-payments
(percent)
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
E:\FR\FM\18MRN1.SGM
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
18MRN1
Corporate overpayments
(eff. 1–1–99)
(percent)
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15446
Federal Register / Vol. 87, No. 53 / Friday, March 18, 2022 / Notices
Beginning date
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
070119
070120
040122
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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
063019
063020
033122
063022
Dated: March 11, 2022.
Jeffrey Caine,
Chief Financial Officer, U.S. Customs and
Border Protection.
BILLING CODE 9111–14–P
U.S. Customs and Border Protection
Streamlining I–94 Issuance at the Land
Border
jspears on DSK121TN23PROD with NOTICES1
A. The Form I–94
To increase efficiency, reduce
operating costs, and streamline the
admissions process, U.S. Customs and
Border Protection (CBP) is now issuing
electronic Form I–94s (Arrival/
Departure Record) at land ports of entry.
The Form I–94 documents
nonimmigrants’ status in the United
States, the approved length of stay, and
departure information. CBP has
automated the Form I–94 process for the
majority of nonimmigrants arriving by
air and sea. However, CBP previously
issued paper Form I–94s to
nonimmigrants arriving by land. For
Jkt 256001
SUPPLEMENTARY INFORMATION:
I. Background
U.S. Customs and Border
Protection, DHS.
ACTION: General notice.
AGENCY:
18:27 Mar 17, 2022
Tricia Kennedy, Office of Field
Operations, U.S. Customs and Border
Protection at Tricia.Kennedy@
cbp.dhs.gov or (813) 927–6420.
The Department of Homeland
Security (DHS) delegated its authority to
issue and process the Form I–94
(Arrival/Departure Record) to U.S.
Customs and Border Protection (CBP).
See DHS Delegation 7010.3 II.B.5 (May
11, 2006). CBP issues a Form I–94 to
certain nonimmigrants who are eligible
for admission or parole in the United
States. Each arriving nonimmigrant who
is admitted to the United States,
including nonimmigrants arriving by
commercial conveyances, must be
issued a Form I–94 as evidence of the
terms of admission, unless otherwise
PO 00000
Frm 00089
Fmt 4703
Sfmt 4703
Corporate overpayments
(eff. 1–1–99)
(percent)
Over-payments
(percent)
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
5
3
4
FOR FURTHER INFORMATION CONTACT:
DEPARTMENT OF HOMELAND
SECURITY
SUMMARY:
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land arrivals, CBP is no longer issuing
paper forms to nonimmigrants upon
arrival except in limited circumstances
and upon nonimmigrant request if
feasible. Nonimmigrants can access
Form I–94s online or via mobile
application.
[FR Doc. 2022–05688 Filed 3–17–22; 8:45 am]
VerDate Sep<11>2014
Under-payments
(percent)
Ending date
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
5
3
4
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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
4
2
3
exempted.1 See section 235.1(h) of title
8 of the Code of Federal Regulations (8
CFR 235.1(h)). CBP generally issues the
Form I–94 to nonimmigrants at the time
they lawfully enter the United States.
The current Form I–94 documents
nonimmigrants’ arrival and departure
information, as well as their
biographical information, such as name,
birth date, sex, country of citizenship,
visa and passport information or Alien
Registration Number for certain
categories of nonimmigrant, country of
residence, address and telephone
number while in the United States, and
email address. For nonimmigrants
admitted to the United States, the Form
I–94 becomes the evidence of the terms
of their admission. For nonimmigrants
paroled into the United States, the Form
I–94 reflects the duration and
classification of parole. Currently, the
Form I–94 process is automated for
nonimmigrants arriving by air or sea.
For nonimmigrants arriving by land,
CBP utilized a paper I–94 process that
included a nonautomated electronic
1 The Form I–94 is not required for
nonimmigrants seeking admission to the United
States under the Visa Waiver Program (VWP).
Rather, the Form I–94W is the form required for
nonimmigrants seeking admission into the United
States under the VWP. The other categories of
nonimmigrants not subject to the I–94 requirement
are enumerated in 8 CFR 235.1(h)(1).
E:\FR\FM\18MRN1.SGM
18MRN1
]]>Agencies
[Federal Register Volume 87, Number 53 (Friday, March 18, 2022)]
[Notices]
[Pages 15445-15446]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-05688]
-----------------------------------------------------------------------
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 April 1, 2022, the interest rates for overpayments will be 3
percent for corporations and 4 percent for non-corporations, and the
interest rate for underpayments will be 4 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 April 1,
2022.
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 2022-05, the IRS determined the rates of interest
for the calendar quarter beginning April 1, 2022, and ending on June
30, 2022. The interest rate paid to the Treasury for underpayments will
be the Federal short-term rate (1%) plus three percentage points (3%)
for a total of four percent (4%) for both corporations and non-
corporations. For corporate overpayments, the rate is the Federal
short-term rate (1%) plus two percentage points (2%) for a total of
three percent (3%). For overpayments made by non-corporations, the rate
is the Federal short-term rate (1%) plus three percentage points (3%)
for a total of four percent (4%). 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 July 1, 2022, and ending on September 30, 2022.
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.
----------------------------------------------------------------------------------------------------------------
Corporate
Under-payments Over-payments 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 .................
[[Page 15446]]
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........................... 063019.............. 6 6 5
070119........................... 063020.............. 5 5 4
070120........................... 033122.............. 3 3 2
040122........................... 063022.............. 4 4 3
----------------------------------------------------------------------------------------------------------------
Dated: March 11, 2022.
Jeffrey Caine,
Chief Financial Officer, U.S. Customs and Border Protection.
[FR Doc. 2022-05688 Filed 3-17-22; 8:45 am]
BILLING CODE 9111-14-P
