IDEAL TAX SOLUTION, LLC Clarifies Recent Interest Rate Announcement Released By The IRS

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Ideal Tax Solution, LLC is notifying all of its tax preparation and tax resolution clients of the interest rate decision recently made by the IRS. Interest rate decisions are determined on a quarterly basis and rarely reflect major fluctuations.

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Ideal Tax Solution has developed a reputation for translating complicated IRS formulations into easily understood language.

Ideal Tax Solution, LLC closely monitors aspects of the IRS tax code which are subject to slight or moderate changes. Because interest rates are established on a quarterly basis, being knowledgeable as to any hikes or decreases is important for accurately accessing a taxpayer’s tax liability, whether individual or corporate. It is the responsibility of professional tax specialists to have a firm grasp of any interest rate variances which occur.

In the new calendar quarter beginning April 1, 2013, Ideal Tax Solution has learned the following interest rates will apply:

  •      three (3) percent for overpayments (two (2) percent in the case of a corporation);
  •      three (3) percent for underpayments;
  •      five (5) percent for large corporate underpayments; and
  •      one-half (0.5) percent for the portion of a corporate overpayment exceeding $10,000.

The federal short-term rate is 3 percentage points above the overpayment and underpayment rate for taxpayers other than corporations. The tax help team at Ideal Tax Solution is thoroughly versed in the rules and regulations of the Internal Revenue tax code, and is required to carefully review the implications of any changes to existing policy.

“Every one of our tax specialists is extremely conscientious about staying on top of IRS tax code news,” says Thomas Rodriguez, senior tax analyst at Ideal Tax Solution. “We work as a team and when any tax related change is announced by the IRS, we make sure everybody is on board with the information.”

The recent interest rate announcement reflects a computation from the federal short-term rate, which was determined in January for February implementation based on daily compounding. Ideal Tax Solution has developed a reputation for translating complicated IRS formulations into easily understandable language for individual and corporate taxpayers.

For more information on IRS interest rates, Revenue Ruling 2013-6 will appear in the Internal Revenue Bulletin 2013-13 on March 25, 2013. Or, you can contact Ideal Tax Solution for a comprehensive breakdown regarding the potential impact of the proposed rates.

For U.S. taxpayers interested in finding out more about Ideal Tax Solution and their full range of in-depth and personalized tax preparation services, or for any tax help related issue, visit them online at You can also reach them by phone by dialing 888.393.5154. Good tax tips and additional information can be found on their Facebook page and by following them on Twitter.

About Ideal Tax Solution, LLC – Located in Costa Mesa, California, the company provides a full range of tax preparation and resolution services as well as reassurance to taxpayers nationwide. With more than 55 years of combined experience providing American taxpayers with federal and state income tax solutions, Ideal Tax Solution offers an experienced staff which includes Enrolled Agents, CPAs and Senior Tax Consultants who stand at the ready to help with any tax issues.

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Gary Sweet
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