IRS Interest Rates for First Quarter Announced

Revenue Ruling 2016-28 announces interest rates for the quarter beginning January 1, 2017. The

rates are as follows:

• 4% for overpayments (3% in the case of a corporation).
• 4% for underpayments.
• 6% for large corporate underpayments.
• 1.5% for the portion of a corporate overpayment exceeding $10,000.