IRS Drops Interest Rates for Underpayments of Tax

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The Internal Revenue Service is decreasing the interest rates charged on tax underpayments and overpayments by a full percentage point in the fourth quarter.  Beginning on October 1, the interest rate for underpayments will be 3% and 5% for large corporations.  For overpayments, the rate will be 3%, or 2% for corporations

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