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Level 2
posted Dec 15, 2022 5:05:25 PM

Will the IRS accept its AFR for a business loan?

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1 Best answer
Level 15
Dec 18, 2022 7:04:55 AM

What about business loans? The AFR governs private loans and dictates the lowest acceptable interest rate charged thereon for the purposes of tax reporting.

4 Replies
Level 15
Dec 15, 2022 5:25:33 PM

https://www.thebalancemoney.com/what-is-the-applicable-federal-rate-afr-5199170#:~:text=The%20AFR%20puts%20a%20cap,a%20private%20loan%20can%20be.&text=The%20IRS%20published%20an%20annual,of%202.66%25%20in%20April%202022.

Level 2
Dec 18, 2022 5:49:22 AM

Thank you but the article does not address business loans specifically. 

Level 15
Dec 18, 2022 7:01:10 AM

@Anonymous_ ?

Level 15
Dec 18, 2022 7:04:55 AM

What about business loans? The AFR governs private loans and dictates the lowest acceptable interest rate charged thereon for the purposes of tax reporting.