Revenue Procedure 2000-26: The Guidance for Taxpayers and IRC 6621(d)

On May 24, 2000 the IRS issued a procedure providing guidance to taxpayers seeking to obtain the benefits of IRC 6621(d) net rate zero interest rate.  IRC Sec. 6621(d), which was enacted in 1998, is a direct legislative response to the IRS’s sluggishness in remedying the interest rate differential’s inequity. IRC 6621(d) eliminates the interest […]

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