IRS Announces New Applicable Federal Rates

The IRS has announced new applicable federal rates (AFRs) for federal income tax purposes for January 2002. These rates are revised monthly and published in IRS Revenue Rulings.

Links below go to all related Revenue Rulings for the past year. You can use the Prior Year link at the end of this story to search for AFR Revenue Rulings for the past 10 years.

Applicable Federal Rates, January 2002

Revenue Ruling 2002-2, January 2002

  • Short-Term AFRs, October 2001, November 2001, December 2001, January 2002 (3 years or less)

  • Mid-Term AFRs, October 2001, November 2001, December 2001, January 2002 (over 3 years to less than 9 years)

  • Long-Term AFRs, October 2001, November 2001, December 2001, January 2002 (over 9 years)

  • Adjusted Long-Term Rates, October 2001, November 2001, December 2001, January 2002, used to calculate annual adjusted net operating loss carryover utilization limitation following a change in ownership

  • Section 7520 Rate, December 2001 and January 2002, used to value annuities, life interests or interests for terms of years and remainder or reversionary interests

Applicable Federal Rates 2001

Revenue Ruling 2001-3, January 2001

Revenue Ruling 2001-7, February 2001

Revenue Ruling 2001-12, March 2001

Revenue Ruling 2001-17, April 2001

Revenue Ruling 2001-22, May 2001

Revenue Ruling 2001-27, June 2001

Revenue Ruling 2001-34, July 2001

Revenue Ruling 2001-36, August 2001

Revenue Ruling 2001-43, September 2001

Revenue Ruling 2001-49, October 2001

Revenue Ruling 2001-52, November 2001

Revenue Ruling 2001-58, December 2001

Applicable Federal Rates, Prior Years

AFRs from 1990 through 2000

You may like these other stories...

Renaissance avoided more than $6 billion tax, report saysThe Senate Permanent Subcommittee on Investigations said on Monday that a Renaissance Technologies LLC hedge fund’s investors probably avoided more than $6...
A new Gallup survey found that 58 percent of smokers in the United States see increased state and federal taxes on cigarettes as an act of unjust discrimination, while 39 percent believe the tax hikes are justified.The...
Liberal groups object to bill barring taxes on Internet accessThe Internet Tax Freedom Act hasn’t been a controversial bill. In fact, it’s so popular that senators are seeking to pair it up with a far more...

Upcoming CPE Webinars

Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.
Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.