Estate and Gift Tax Planning

Determination of Issue Price in the Case of Certain Debt Instruments Issued for Property

Rev. Rul. 2023-3, 2023-6 IRB 1 (17 January 2023)Section 1274. — Determination of Issue Price in the Case of Certain Debt Instruments Issued for Property(Also Sections 42, 280G, 382, 467, 468, 482, 483, 1288, 7520, 7872.)This revenue ruling provides various prescribed rates for federal income tax purposes for February 2023 (the current month). Table 1 contains the short-term, mid-term, and long-term applicable federal rates (AFR)...

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Official Forecast: 2023 Social Security COLA

The US Bureau of Labor Statistics just released the CPI-W for August, which means were getting closer to determining 2023's Social Security COLA (Cost of Living Adjustment).