Posted by phil fernandez on August 19, 2002 at 19:41:20:
In Reply to: Tax Question-Imputed Interest posted by Tom Henderson on August 13, 2002 at 08:52:14:
The IRS still imputes interest rates, but those rates are much lower than the 9% or 10% you mention back a ways. Because rates are lower now, so are the IRS imputed rates of interest. Just read an article on this last week. They gave three illustrations of the rates today. I think the lowest was like 2.9% and the highest was around 6%. Check with your accountant for exact information about this.