By Payroll and Entitlements Editorial Staff
The IRS has announced that interest rates will remain the same for the fourth quarter of 2019, beginning October 1, 2019. The interest rates will be 5% for overpayments (4% in the case of a corporation) and underpayments, 7% for large corporate underpayments and 2.5% for the portion of a corporate overpayment exceeding $10,000. (IRS News Release IR-2019-146, August 28, 2019; Rev. Rul. 2019-21, IRB 2019-38, dated September 16, 2019 .)
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