IRS Interest Rates for Q1 2014

IRS interest rates are unchanged for the first quarter of 2014 (January 1, 2014, through March 31, 2014). These are the rates changed on underpayments and overpayments:

• 3% for overpayments (2% for a corporation)
• 3% for underpayments
• 5% for large corporate underpayments
• 0.5% for the portion of a corporate overpayment exceeding $10,000

The 3% rate applies to underpayments of estimated taxes by individuals. All of these rates have held steady since October 1, 2011.

Source: Rev. Rul. 2013-25