Software Solutions for Financial and Tax Professionals
Site Guide
HomeProductsOrder & Download
Replacement FilesRegister SoftwareTechnical SupportWhat's New
Contact Us
(800) 426 - 4741

We've moved!

TimeValue Software
22 Mauchly
Irvine, CA 92618
(949) 727 - 1800
FAX (949) 727 - 3268

info@timevalue.com

April 2006
Applicable Federal Rates

Rev. Rul. 2006-22

Applicable Federal Rates for April

This revenue ruling provides various prescribed rates for federal income tax purposes for April 2006 (the current month). Table 1 contains the short-term, mid-term, and long-term applicable federal rates (AFR) for the current month for purposes of section 1274(d) of the Internal Revenue Code. Table 2 contains the short-term, midterm, and long-term adjusted applicable federal rates (adjusted AFR) for the current month for purposes of section 1288(b). Table 3 sets forth the adjusted federal longterm rate and the long-term tax-exempt rate described in section 382(f). Table 4 contains the appropriate percentages for determining the low-income housing credit described in section 42(b)(2) for buildings placed in service during the current month. Finally, Table 5 contains the federal rate for determining the present value of an annuity, an interest for life or for a term of years, or a remainder or a reversionary interest for purposes of section 7520.


Table I
April 2006
 

Period for Compounding

Applicable Federal Rate (AFR)

Annual

Semi-annual

Quarterly

Monthly

Short-Term

        

AFR

4.77%

4.71%

4.68%

4.66%

110% AFR

5.25%

5.18%

5.15%

5.12%

120% AFR

5.73%

5.65%

5.61%

5.58%

130% AFR

6.21%

6.12%

6.07%

6.04%
Mid-Term
        

AFR

4.72%

4.67%

4.64%

4.63%

110% AFR

5.21%

5.14%

5.11%

5.09%

120% AFR

5.68%

5.60%

5.56%

5.54%

130% AFR

6.16%

6.07%

6.02%

5.99%

150% AFR

7.13%

7.01%

6.95%

6.91%

175% AFR

8.34%

8.17%

8.09%

8.03%
Long-Term
        

AFR

4.79%

4.73%

4.70%

4.68%

110% AFR

5.27%

5.20%

5.17%

5.14%

120% AFR

5.76%

5.68%

5.64%

5.61%

130% AFR

6.24%

6.15%

6.10%

6.07%
 
Table II
Adjusted AFR for April 2006
 

Period for Compounding
 

Annual

Semi-annual

Quarterly

Monthly

Short-term adjusted AFR

3.33%

3.30%

3.29%

3.28%

Mid-term adjusted AFR

3.58%

3.55%

3.53%

3.52%

Long-term adjusted AFR

4.25%

4.21%

4.19%

4.17%
 
Table III
Rates Under Section 382 for April 2006

Adjusted federal long-term rate for the current month

4.25%

Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal long-term rates for the current month and the prior two months.)

4.26%
 
Table IV
Appropriate Percentages Under Section 42(b)(2) for April 2006

Appropriate Percentage for the 70% present value low-income housing credit

8.11%

Appropriate Percentage for the 30% present value low-income housing credit
3.47%
 
Table V
Rate Under Section 7520 for April 2006

Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years, or a remainder or reversionary interest

5.6%

Back to Top

[Printer Friendly Adobe PDF Version]

About Us | Site Map / Search | Privacy Policy