IRS Sets April Applicable, Adjusted Federal Interest Rates

The Internal Revenue Service issued the applicable federal interest rates and adjusted applicable rates for April. [Rev. Rul. 2017-8, 2017-14 I.R.B. 1037 (Apr. 3, 2017)]

The rates in Rev. Rul. 2017-8, released March 16, apply to determinations related to 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 other business purposes.

The annual applicable short-term rate for April is 1.11%, the mid-term rate is 2.12% and the long-term rate is 2.82%. The adjusted AFRs for the month are ...