IRS Issues Applicable Federal Rates (AFR) for November 2022

October 17, 2022

The IRS has released (Rev. Rul. 2022-20) the Applicable Federal Rates under Sec. 1274(d) of the Internal Revenue Code for November 2022. These rates are used for various tax purposes, including minimum rates for loans.

There are rates for "short-term," "mid-term," and "long-term" instruments. Short-term covers demand loans and instruments extending up to three years. Mid-term covers loans and instruments of over three years and up to nine years. Long-term covers loans and instruments with maturities longer than nine years.

202211 AFR post

The Section 382 long-term tax-exempt rate used to compute the loss carryforward limits for corporation ownership changes during November 2022 is 2.97%

Related: Eide Bailly Mergers & Acquisition services.


Historical AFRs are available here

Expand Full Article

We're Here to Help

We are here to help
From business growth to compliance and digital optimization, Eide Bailly is here to help you thrive and embrace opportunity.
Speak to our specialists