IRS issues Applicable Federal Rates (AFR) for December 2012

November 21st, 2012 by Joe Kristan

The IRS has issued (Rev. Rul. 2012-31) the minimum required interest rates for loans made in December 2012:

-Short Term (demand loans and loans with terms of up to 3 years): 0.24%

-Mid-Term (loans from 3-9 years): .95%

-Long-Term (over 9 years): 2.40%

The Long-term tax-exempt rate for Section 382 ownership changes in December 2012 is 2.87%.

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

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