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