IRS issues Applicable Federal Rates (AFR) for September 2012

August 20th, 2012 by Joe Kristan

The IRS has issued (Rev. Rul. 2012-24) the minimum required interest rates for loans made in September 2012:

-Short Term (demand loans and loans with terms of up to 3 years): 0.21%

-Mid-Term (loans from 3-9 years): .84%

-Long-Term (over 9 years): 2.18%

The Long-term tax-exempt rate for Section 382 ownership changes in September 2012 is 3.02%.

Historical AFRs may be found here or from prior Tax Update posts.

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