IRS seeks comments on possible modifications to method used to calculate adjusted AFRs and issues interim guidance

The IRS and Treasury Department are reconsidering the method used to determine the adjusted Applicable Federal Rates (AFRs). The IRS has released a notice requesting comments from the public on what modifications should be made to the current method of determining such rates.

To limit unintended effects of the current method under certain market conditions, the IRS has issued interim guidance modifying the current method to determine the adjusted AFR and the adjusted federal long-term interest rate.

Source: IRS Notice 2013-4.

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For more information on this and related topics, consult the CCH Pension Plan Guide, CCH Employee Benefits Management, and Spencer’s Benefits Reports.

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