Search Results for keywords:"corporations"

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Search Results: keywords:"corporations"

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  • 2021-01477 — Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Quarterly Financial Report
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    Type:Notice
    Citation:86 FR 6863
    Reading Time:about 5 minutes

    The Department of Commerce, through the Census Bureau, is seeking public feedback on its plan to continue the Quarterly Financial Report (QFR) program. This program collects data on the financial status of U.S. corporations, targeting those in manufacturing, mining, and several other sectors. The collected information is crucial for economic analysis and requires the involvement of businesses with significant assets. Comments on the proposed information collection, which aims to minimize the burden on respondents, can be submitted until March 26, 2021.

    Simple Explanation

    The Department of Commerce is asking people to share their thoughts about a report that checks how well certain big companies in the U.S. are doing with their money. They want to make sure it isn’t too difficult for businesses to fill out this report, and people have until March 26, 2021, to say what they think.

  • 2025-02228 — Quarterly Internal Revenue Service Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds of Customs Duties
    Type:Notice
    Citation:90 FR 9036
    Reading Time:about 2 minutes

    The U.S. Customs and Border Protection agency has announced new interest rates for calculating interest on overdue accounts and refunds of customs duties, effective from January 1, 2025. For both corporations and non-corporations, the interest rate on underpayments will be 7 percent. The interest rate on overpayments will be 7 percent for non-corporations and 6 percent for corporations. These rates are based on the Federal short-term rate and have decreased from the previous quarter.

    Simple Explanation

    The U.S. Customs and Border Protection says that starting in January 2025, if someone owes money or is getting a refund for customs duties, both people and companies will pay or get back money at a 7% rate, except companies getting a refund, which is at a 6% rate. This means it might cost a bit less or give back a bit less money than before.