Need 6621(a)(2) Rate

[Guest]

Does anyone know if the federal underpayment rate under Sec 6621(a)(2) is published on the web? I need this rate to determine an earnings calculation under the DOL's VFC program. Thanks for any help.

[davef]

I'm not sure there is a real easy way to quickly find the rate. But they are published in the Internal Revenue Bulletin quarterly (www.irs.ustreas.gov/ind_info/bullet.html). The most recent listing was in Rev. Rul. 2000-42, which is in IRB 2000-39. That Rev. Rul. also lists the underpayment rates for prior calendar quarters. FYI, the rate was 8% for the 1stQ of 2000 and 9% for the last 3Qs. Hope this helps.

[david rigby]

Internal Revenue Bulletins can be found here:

http://www.irs.gov/bus_info/bullet.html