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How to use Applicable Federal Rates?

 
 
Michael S. Rosen
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      09-18-2003, 05:23 AM
What is the significance of the other rate lines in the
AFRs? I.e. 110%, 120%, etc.

Thanks,
Mike

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Michael S. Rosen
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      09-23-2003, 04:41 AM
(E-Mail Removed) (Michael S. Rosen) wrote:

> What is the significance of the other rate lines in the
> AFRs? I.e. 110%, 120%, etc.


I got my answer from the IRS:

"section 1274 of the internal revenue code applies online
www.irs.gov 110% is for sale leasebacks. low income housing
120% and 130% rules apply, all others are at the afr which
is considered the 100% rule, rarely is an individual
involved with a rate of 110 or above"

Mike

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