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IRS interest rates unchanged
The Internal Revenue Service has announced that its interest rates will not be changed for the calendar quarter beginning January 1, 2020. The rates will be:
- 5% for overpayments (4% in the case of a corporation);
- 2.5% for the portion of a corporate overpayment exceeding $10,000;
- 5% for underpayments; and
- 7% for large corporate underpayments.