IRS interest rates rise for the
second quarter of 2016
The interest rates the IRS charges
on underpaid taxes and pays on tax overpayments have gone up for the second
quarter of 2016 (April 1 through June 30). Here are the new rates for
individuals and corporations.
For individuals:
4% charged on underpayments; 4%
paid on overpayments.
For corporations:
4% charged on underpayments; 3%
paid on overpayments.
6% charged on large corporate
underpayments.
1.5% paid on the portion of a
corporate overpayment exceeding $10,000.
No comments:
Post a Comment