Interest calculation procedures clarified, including rounding rules for fractional periods and de minimis treatment of minor interest liabilities. The amendment adds individuals liable under the family-adjustment assessment provision to the subsection's scope and introduces a procedural rule authorising methods for calculating interest payable by assessees or by the Government, including rounding rules for fractional-month periods and rules permitting the disregard of petty interest amounts.
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Interest calculation procedures clarified, including rounding rules for fractional periods and de minimis treatment of minor interest liabilities.
The amendment adds individuals liable under the family-adjustment assessment provision to the subsection's scope and introduces a procedural rule authorising methods for calculating interest payable by assessees or by the Government, including rounding rules for fractional-month periods and rules permitting the disregard of petty interest amounts.
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