The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2016. The rates will be:
· four (4) percent for overpayments [three (3) percent in the case of a corporation];
· four (4) percent for underpayments;
· six (6) percent for large corporate underpayments; and
· 1 and one-half (1.5) percent for the portion of a corporate overpayment exceeding $10,000.
