IRS interest rates remain the same for second quarter 2017

Posted on Apr 20, 2017

Download our electronic brochures Become a fan of ours on. Interest rates charged by the IRS on underpaid taxes and applied by the IRS on tax overpayments will remain the same for the second quarter of 2017 (April 1 through June 30). Therefore, the rates will be as follows 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.
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