My Webcalculators service has a new feature, which is that emails are now being sent out monthly with new federal rates under IRC sections 1274 and 7520 as soon as those new rates are announced by the Internal Revenue Service. Those rates are used in calculations for different kinds of estate planning strategies and estate administration valuations. See “Low-Interest Estate Planning Strategies” for some comments on the effects of the historically low interest rates that were announced on Friday.
It will be necessary to register at the Webcalculators site to receive these emails, but registration is free. (Webcalculators is a subscription service, but some features require only the free registration, including the emails announcing new rates.)
Charts of current and historical applicable federal rates and §7520 rates will continue to be maintained on this site, but it was found to be difficult to create emails to announce new rates, and it was not clear whether all subscribers to this site would want to get these emails, which is why it was decided to send the emails through Webcalculators.
Webcalculators registration also allows free access to the following calculators:
- Annuity factors which can be determined under tables published by the IRS under IRC §7520 (but not factors requiring custom calculations). So a calculation requiring a two-life factor is free, but a calculation for three lives, or the shorter of a term of years and two lives, requires a subscription.
- Income and remainder factors which can be determined under tables published by the IRS. (See comments about annuity factors, above.)
- Unitrust factors which can be determined under tables published by the IRS. (See comments about annuity factors, above.)
- Interest on unpaid federal taxes (which compounds daily).
- Interest on unpaid Pennsylvania taxes (which is simple interest).
- Weighted average maturities (which is needed for loans that are amortized or pay principal in installments in order to determine whether short-term, mid-term, or long-term federal rates should apply).