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The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for January 2021. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.
The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for December 2020. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.
This holiday weekend, you may have tackled your holiday shopping with deals from Black Friday, Small Business Saturday and Cyber Monday. Now, you may wish to join Giving Tuesday and add charitable giving to finish your holiday shopping!