Applicable Federal Rates (AFRs) for June 2013

The Applicable Federal Rates (AFRs) for the month of June are as follows:

	Annual	Semiannual	Quarterly	Monthly
Short-term (≤3 years)	0.18%	0.18%	0.18%	0.18%
Mid-term (>3 years but ≤9 years)	0.95%	0.95%	0.95%	0.95%
Long-term (>9 years)	2.47%	2.45%	2.44%	2.44%

 

 

Applicable Federal Rates (AFRs) for May 2013

The Applicable Federal Rates (AFRs) for the month of May are as follows:

	Annual	Semiannual	Quarterly	Monthly
Short-term (≤3 years)	0.20%	0.20%	0.20%	0.20%
Mid-term (>3 years but ≤9 years)	1.00%	1.00%	1.00%	1.00%
Long-term (>9 years)	2.60%	2.58%	2.57%	2.57%

 

Applicable Federal Rates for April 2013

The Applicable Federal Rates (AFRs) for the month of April are as follows:

	Annual	Semiannual	Quarterly	Monthly
Short-term (≤3 years)	0.22%	0.22%	0.22%	0.22%
Mid-term (>3 years but ≤9 years)	1.09%	1.09%	1.09%	1.09%
Long-term (>9 years)	2.70%	2.68%	2.67%	2.67%

 

Applicable Federal Rates for March 2013

The Applicable Federal Rates (AFRs) for the month of March are as follows:

 

	Annual	Semiannual	Quarterly	Monthly
Short-term (≤3 years)	0.28%	0.28%	0.28%	0.28%
Mid-term (>3 years but ≤9 years)	1.05%	1.05%	1.05%	1.05%
Long-term (>9 years)	2.72%	2.70%	2.69%	2.68%

2012 IRS Forms Waiting for Approval

Although filing season has technically started with the IRS and state governments, there are still many forms that are not ready for filing yet due to the tax changes included in the American Taxpayer Relief Act (ATRA) enacted on January 2, 2013.

For instance, education credit Form 8863 will not be e-fileable until February 14th. Once this form is final, that will enable the majority of taxpayers that have been on hold to be able to file their tax returns. Some other forms like Form 8903 Domestic Production Activities Deduction and Form 8582 Passive Activity Loss Limitations are among a list of forms that may not be accepted by the IRS until the first week of March.

For a complete list of forms waiting on final approval from the IRS please visit http://www.irs.gov/uac/Newsroom/List-of-IRS-forms-that-1040-filers-can-begin-filing-in-late-February-or-into-March-2013.

We will continually check with the IRS to determine when these forms have been updated.

Applicable Federal Rates for February 2013

The Applicable Federal Rates (AFRs) for the month of February are as follows:

	Annual	Semiannual	Quarterly	Monthly
Short-term (≤3 years)	0.29%	0.29%	0.29%	0.29%
Mid-term (>3 years but ≤9 years)	1.15%	1.15%	1.15%	1.15%
Long-term (>9 years)	2.77%	2.75%	2.74%	2.73%