16-Apr-20
May Interest Rates
The IRS in Revenue Ruling 2020-11 just published the applicable federal rates of interest (AFR) for May 2020. [IRC 1274(d).] These rates are often used with regard to intra-family loans, in order to avoid an implied gift due to a below-market interest rate charged. Short-Term Rate: (less than 3 years) is 0.25% whether the period for […]
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