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Tag Archives: james w. rahmlow

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          ...

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Keeping Your Balance: 2Q interest rates for overpayment, underpayment of taxes

In Rev. Rul. 2015-05, the IRS released the overpayment and underpayment interest rates for taxes for the calendar quarter beginning April 1, 2015, and ending June 30, 2015. Below is a summary of those rates: 3 percent: All underpayments except large corporation ...

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Keeping Your Balance: A look at tax regulations as year draws to close

On Dec. 19, President Obama signed into law the Tax Increase Prevention Act of 2014 (HR5771). The act was not really new legislation, but extended expired incentives for businesses, individuals and energy. The provisions have been extended for the most part ...

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