IRS Announces That Interest Rates Remain the Same for 2nd Quarter of 2015

The IRS, in Rev. Rul. 2015-5, announced that interest rates will remain the same for the 2nd quarter of 2015.  For the 2nd quarter, interest rates are as follows:

1) 3% for overpayments (2% for a corporation);2) 3% for underpayments;3) 5% for large corporate underpayments; and4) 0.5% for corporate overpayments exceeding $10,000. See also IR-2015-49.Want to further discuss these issues?  Contact me at 954-944-3929 or nrumbak@rumbaklaw.com.