Grappling with Imputed Interest Rules
The tax law requires that imputed interest be calculated whenever a contact involving deferred payments or a below market loan fails to provide for interest at or above the applicable federal rate (“AFR”). In this course you will learn when these imputed interest rules apply, how to calculate the imputed interest amount, and what tax consequences flow from the application of these rules.
•Situations calling for imputed interest on sales or transfers of property
•The original issue discount (“OID”) rules
•The application of Code sections 483 and 1274
•Calculation of imputed interest amounts
•Gift loans vs. compensation-related loans
•Reporting requirements related to imputed interest
Chuck Borek is a practicing attorney and founder of the Borek Group, LLC. Chuck is also a CPA, and his background includes five years as a partner in a public accounting firm. He received his law degree and MBA summa cum laude from the University of Baltimore in 1993, where he was editor-in-chief of the Law Review. He has been teaching professionally since 1989, including four years as an Associate Professor of Accounting and two years as a Visiting Assistant Professor of Law. He ha... View Full Profile
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