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IRS Interest Rates to Remain Same for Q2 2020 (CPA Practice Advisor) - Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Cafeteria Plan Compliance (JofA) - The choices for employees can be many, but the recipes for employers are exact. AICPA Asks IRS for More Guidance on Taxation of Virtual Currency (CPA Practice Advisor) - Virtual currency transactions are becoming increasingly popular; however, they add a new layer of complexity to the analysis of taxpayersâ reporting requirements. The issuance of additional guidance would provide certainty and clarity to tax preparers and CFOs Should Not Leave Workforce Analytics Solely to HR (CFO) - People analytics remove much of the guesswork behind key management and operational issues. Taxation Accounting/Audit |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  PA Institue of Accountants Jokes   |