IRS announces third quarter interest rates

IRS announces third quarter interest rates

The IRS has released the interest rates on tax over payments and underpayments for the third quarter of 2015. The interest rates on over payments will be 3% for individuals and 2% for corporations. Corporate over payments

 over $10,000 will have a 0.5% interest rate. The rate charged on underpayments will be 3%; though large corporate underpayments will be charged 5%.