Theoretical investigation into the possibility of very large moments in   Fe16N2
  We examine the mystery of the disputed high-magnetization \alpha"-Fe16N2 phase, employing the Heyd-Scuseria-Ernzerhof screened hybrid functional method, perturbative many-body corrections through the GW approximation, and onsite Coulomb correlations through the GGA+U method. We present a first-principles computation of the effective on-site Coulomb interaction (Hubbard U) between localized 3d electrons employing the constrained random-phase approximation (cRPA), finding only somewhat stronger on-site correlations than in bcc Fe. We find that the hybrid functional method, the GW approximation, and the GGA+U method (using parameters computed from cRPA) yield an average spin moment of 2.9, 2.6 - 2.7, and 2.7 \mu_B per Fe, respectively. 
H. Sims, W. H. Butler, M. Richter, K. Koepernik, E. Sasioglu, C.   Friedrich, and S. Bl\"ugel
cond-mat.mtrl-sci