Two Convenient Locations:
San Diego Office: (619) 283-7113
Julian Office: (760) 765-0343
Applicable Federal Interest Rates
Applicable federal rates (“AFRs”) are interest rates published monthly by the Internal Revenue Service. These rates are used for various purposes under the Internal Revenue Code including determining the minimum interest rates that can be charged for certain loans to avoid the IRS “imputing” interest on low or no interest loans. These rates are published for Short Term loans (3 years or less), Mid Term loans (3-9 years) and Long Term loans (more than 9 years). In practice, these rates are often referenced to determine appropriate interest rates for private business loans, shareholder/partner or intercompany loans and loans between family members.
An index of these rates is available on the IRS website at http://www.irs.gov/app/picklist/list/federalRates.html.
Julian Office: 4367 Highway 78, Ste. 112, Santa Ysabel, CA 92070 (760) 765-0343 (760) 765-0150 Fax
San Diego Office: (By Appointment Only) 3751 37th St., #2, San Diego, CA 92105 (619) 283-7113 (619) 284-7113 Fax
Correspondence: P.O. Box 1934, Julian, CA 92036 E-mail: rebecca(at)luerscpa.com jan(at)luerscpa.com
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