# 26 U.S.C. § 6622: Interest compounded daily

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s6622>. Cite pinpoints as 26 U.S.C. § 6622(a)(1).

## § 6622(a) General rule

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.

## § 6622(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 6654 or 6655.

## Regulations

- [Treas. Reg. § 301.6622-1](/26/reg/301.6622-1.md): Interest compounded daily. (interprets § 6622)

## Leading cases

- [Carriers Container Council, Inc. v. Mobile Steamship Assoc., Inc., 948 F.2d 1219 (11th Cir. 1991)](https://www.courtlistener.com/opinion/9002802/carriers-container-council-inc-v-mobile-steamship-assoc-inc/)
- [State Farm Mut. Auto. Ins. Co. v. Commissioner, 126 T.C. 28 (2006)](https://www.courtlistener.com/opinion/4696952/state-farm-mut-auto-ins-co-v-commr/)

## Connections

Cites: § 6654 Failure by individual to pay estimated income tax

Cited by: none

## Amendments

- 1982-09-03: [Pub. L. 97-248](/26/act/97-248.md), 96 Stat. 635