The IRS has announced that the interest rates for overpaid and underpaid tax will not be changed for the fourth quarter of the year beginning 1 October 2015. The rates are 3% for both underpayment and overpayment by individuals, and 2% and 3% for corporate overpayments and underpayments respectively. The rate for corporate overpayment portion exceeding USD 10,000 in a tax period will remain at 0.5%, and the rate for large corporate underpayments exceeding USD 100,000 will remain at 5%.