New 2016 IRS Interest Rates

The IRS will be raising their interest rates starting April 1, 2016.  The new interest rates will be:
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• four (4) percent for overpayments [three (3) percent in the case of a corporation];
• one and one-half (1.5) percent for the portion of a corporate overpayment exceeding $10,000;
• four (4) percent for underpayments; and
• six (6) percent for large corporate underpayments.

As always, it's best to pay off your IRS liability as quickly as possible to limit the interest that will continue to accrue.  But, if you need help getting into a manageable payment plan, we'd love to go to work for you!  Call us at 720-420-7996 for a free consultation!

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