Instructions For Form 8697 (Rev. 2013) (Page 7 of 7) in pdf

agencies to enforce Federal nontax

Table 3

Privacy Act and Paperwork Reduc-

criminal laws and to combat terrorism.

Interest Rates for Corporate

tion Act Notice. We ask for the

Increases or Decreases in Tax

information on this form to carry out the

The time needed to complete and file

Internal Revenue laws of the United

this form will vary depending on

Exceeding $10,000

States. We need this information to

individual circumstances. The estimated

ensure that you are complying with

burden for individual taxpayers filing this

From

Through

Rate

Table

Page

these laws and to figure and collect or

form is approved under OMB control

1/1/04

3/31/04

1.5%

610

4/1/04

6/30/04

2.5%

612

refund the correct amount of interest.

number 1545-0074 and is included in

7/1/04

9/30/04

1.5%

610

the estimates shown in the instructions

10/1/04

3/31/05

2.5%

612

Section 460 provides special rules

for their individual income tax return.

4/1/05

9/30/05

3.5%

566

for computing interest under the

The estimated burden for all other

10/1/05

6/30/06

4.5%

568

look-back method for completed

taxpayers who file this form is shown

7/1/06

12/31/07

5.5%

570

long-term contracts. Section 6001 and

below.

1/1/08

3/31/08

4.5%

616

its regulations require you to file a return

4/1/08

6/30/08

3.5%

614

or statement with us for any tax you are

7/1/08

9/30/08

2.5%

612

Recordkeeping

10/1/08

12/31/08

3.5%

614

liable for. Section 6109 and its

1/1/09

3/31/09

2.5%

564

Part I

8 hr., 36 min.

. . . . . . . . . . . .

regulations require you to put your

4/1/09

12/31/10

1.5%

562

Part II

9 hr., 19 min.

. . . . . . . . . . . .

identifying number on what you file. If

1/1/11

3/31/11

.5%

–

you do not provide the information we

4/1/11

9/30/11

1.5%

562

Learning about the

ask for, or provide fraudulent

10/1/11

9/30/13

.5%

–

law or the form

information, you may forfeit any refund

Part I

2 hr., 22 min.

. . . . . . . . . . . .

of interest otherwise owed to you and/or

Part II

2 hr., 5 min.

. . . . . . . . . . . .

Example of Applicable Interest

be subject to penalties.

Rates for Look-back Interest.

Preparing, copying,

A C Corporation taxpayer completed

You are not required to provide the

assembling, and

contracts subject to look-back interest

information requested on a form that is

sending the form to

during the 2010 calendar year. The

subject to the Paperwork Reduction Act

the IRS

contracts were started in 2008, so 2008

unless the form displays a valid OMB

Part I

2 hr., 37 min.

. . . . . . . . . . . .

and 2009 are redetermination years.

control number. Books or records

Part II

2 hr., 19 min.

. . . . . . . . . . . .

relating to a form or its instructions must

The corporate tax return due date,

be retained as long as their contents

without extensions, for all years is

If you have comments concerning the

may become material in the

March 15.

accuracy of these time estimates or

administration of any Internal Revenue

suggestions for making this form

For computing look-back interest, the

law. Generally, tax returns and return

simpler, we would be happy to hear

interest rates and accrual period for the

information are confidential, as required

from you. You can write to the Internal

2008 redetermination year would be:

by section 6103.

Revenue Service, Tax Forms and

3/16/2009 – 3/15/2010: 4% for the 1st

Publications Division, 1111 Constitution

$10,000 (2.5% for any amount

We may give this information to the

Ave., NW, IR-6526, Washington, DC

exceeding $10,000).

Department of Justice for civil or

20224. Do not send the tax form to this

3/16/2010 – 3/15/2011: 3% for the 1st

criminal litigation, and to other Federal

address. Instead, see Filing

$10,000 (1.5% for any amount

agencies as authorized by law. We may

Instructions, earlier.

exceeding $10,000).

give it to cities, states, the District of

The interest rate and accrual period

Columbia, and U.S. commonwealths or

for the 2009 redetermination year would

possessions to carry out their tax laws.

be:

We may give it to foreign governments

3/16/2010 – 3/15/2011: 3% for the 1st

because of tax treaties they have with

$10,000 (1.5% for any amount

the United States. We may also disclose

exceeding $10,000).

this information to Federal and state

-7-

Instructions For Form 8697 (Rev. 2013) Page 7

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