In computing the amount of any interest required to be paid under this title or sections
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.
(b) Exception for penalty for failure to file estimated tax
Subsection (a) shall not apply for purposes of computing the amount of any addition to tax under section
Pub. L. 97–248, title III, § 344(c),Sept. 3, 1982, 96 Stat. 636, provided that: “The amendments made by this section [enacting this section and amending section
6601 of this title] shall apply to interest accruing after December 31, 1982.”
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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Description of Change
Statutes at Large
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