26 U.S.C. § 6622
§ 6622. Interest compounded daily
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History
Added in 1982 by the Tax Equity and Fiscal Responsibility Act of 1982. Last changed September 3, 1982 by the Tax Equity and Fiscal Responsibility Act of 1982.
Every change, newest first (1)
- September 3, 1982Tax Equity and Fiscal Responsibility Act of 1982 · added this section
The law as written
Current through Public Law 119-102. Amendment notes omitted.
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.
Subsection (a) shall not apply for purposes of computing the amount of any addition to tax under section 6654 or 6655.