IRS Releases Applicable Federal Rates for February

The Internal Revenue Service announced the applicable federal interest rates and adjusted applicable rates for February.

The applicable federal rates and adjusted applicable federal rates in Revenue Ruling 2018-05, released Jan. 17, apply in determining the present value of annuities, loans with below-market interest rates, the present value of golden parachute payments, unrelated business income with respect to tax-exempt organizations, and for other business purposes.

The annual applicable short-term rate for February is 1.81 percent, the mid-term rate is 2.31 percent, and the long-term rate is 2.66 percent, the IRS said. The adjusted applicable rates for the month are ...