Killer Tax Brief

AI-Generated Practitioner Briefs of IRS Tax Guidance & Tax Court Opinions

large corporate underpayment (1)

Week 8, 2026 Rev. Rul. 2026-5 — IRS sets quarterly interest rates for tax overpayments and underpayments at 6% for individuals and corporations for the second quarter of 2026, with special rates for large corporate underpayments (8%) and corporate overpayments exceeding $10,000 (3.5%).