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26 U.S.C. · Internal Revenue Code
26 U.S.C. § 6622

Interest compounded daily

Ch. 67 — INTEREST
Title 26 U.S.C. ● ACTIVE Primary Source Ch. 67
Statutory Text

26 U.S.C. § 6622 — Interest compounded daily

U.S.C. Title 26 - INTERNAL REVENUE CODE 26 U.S.C. United States Code, 2023 Edition Title 26 - INTERNAL REVENUE CODE Subtitle F - Procedure and Administration CHAPTER 67 - INTEREST Subchapter C - Determination of Interest Rate; Compounding of Interest Sec. 6622 - Interest compounded daily From the U.S. Government Publishing Office, www.gpo.gov

§6622. Interest compounded daily

(a) General rule In computing the amount of any interest required to be paid under this title or sections 1961(c)(1) or 2411 of title 28, United States Code, by the Secretary or by the taxpayer, or any other amount determined by reference to such amount of interest, such interest and such amount shall be compounded daily. (b) Exception for penalty for failure to file estimated tax Subsection (a) shall not apply for purposes of computing the amount of any addition to tax under section 6654 or 6655.

(Added Pub. L. 97–248, title III, §344(a), Sept. 3, 1982, 96 Stat. 635.)

Statutory Notes and Related Subsidiaries

Effective Date Pub. L. 97–248, title III, §344(c), Sept. 3, 1982, 96 Stat. 636, provided that: "The amendments made by this section [enacting this section and amending section 6601 of this title] shall apply to interest accruing after December 31, 1982."

Source: uscode.house.gov — public domain Official Source ↗
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BS-USC26-SEC-314704
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STATUTE / FEDERAL-CODE-SECTION
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boisestandard.org
Citation
26 U.S.C. § 6622
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Federal — United States
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PRIMARY-SOURCE
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The statutory text of 26 U.S.C. § 6622 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 26 U.S.C. § 6621 26 U.S.C. § 6631 →
Ch. 67 — INTEREST
26 U.S.C. § 660126 U.S.C. § 660226 U.S.C. § 660326 U.S.C. § 661126 U.S.C. § 661226 U.S.C. § 662126 U.S.C. § 662226 U.S.C. § 6631
26 U.S.C. — public domain ← All Legislation
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