Internal Revenue Bulletins  

September 25, 2000

Internal Revenue Bulletin No. 2000-39

Links to Official IRS Bulletin Documents listed below are in the Adobe Acrobat PDF Format, and require the appropriate Acrobat Reader to view and/or print.

INCOME TAX

Rev. Rul. 2000-42(PDF, 13K)
Interest rates; underpayments and overpayments. The rate of interest determined under section 6621 of the Code for the calendar quarter beginning October 1, 2000, will be 9 percent for overpayments (8 percent in the case of a corporation), 9 percent for underpayments, and 11 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 is 6.5 percent.

EMPLOYEE PLANS

Notice 2000-42(PDF, 6K)
Weighted average interest rate update. The weighted average interest rate for September 2000 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth.

EXEMPT ORGANIZATIONS

Announcement 2000-79(PDF, 10K)
A list is given of organizations now classified as private foundations.

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