|
|
As seen in:
(c) 2010-2013 National Family Mortgage, LLC. All Rights Reserved.
The ultimate way to manage home financing between family members.
Each month, the IRS publishes a set of base interest rates called the AFR Rates.
These interest rates are determined by a variety of economic factors and are used
for various purposes under the Internal Revenue Code -- including the calculation of
imputed interest on below market loans between family members.
When it comes to family loans -- especially loans above $10,000 -- the
AFR Rates represent the absolute minimum market rate of interest a lender should consider charging a borrower in order to avoid unnecessary tax complications.
When it comes to family loans -- especially loans above $10,000 -- the
AFR Rates represent the absolute minimum market rate of interest a lender should consider charging a borrower in order to avoid unnecessary tax complications.
$86,358,662 in loans between relatives. $39,522,001 in interest kept in family. Millions of dollars saved!
AFR Rate Alert >
To receive a monthly email of the updated IRS Applicable Federal Rate index, please click this link to be added to our list.
To receive a monthly email of the updated IRS Applicable Federal Rate index, please click this link to be added to our list.
Current IRS AFR Rates
888.636.1990
M-F, 9am-5pm ET
M-F, 9am-5pm ET