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IRS issues applicable federal rates

  In Rev. Rul. 2016-25, the IRS issued its short-term, mid-term and long-term applicable federal rates (AFR) and its adjusted AFRs for October of 2016.  Below is a summary of those rates as computed on a monthly basis. Short           Mid          Long Term           Term        Term Applicable Federal Rate                                                         0.66%        1.29%       1.93% Adjusted AFRs                                                                       0.49%         0.96%      1.44% Cyberattacks extend to tax professionals In ...

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