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Keeping Your Balance: A rundown of recent changes to rates, rules and requirements

IRS second quarter over and underpayment interest rates In Rev. Rul. 2016-06, the IRS announced that interest rates on over and underpayments of tax liabilities will remained unchanged for the calendar quarter beginning April 1, 2016. The rates are updated quarterly. For corporations, the interest rate on overpayments will remain at 2%, except that it will be 0.5% ...

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