IRS Releases Applicable Federal Rates (AFR) for July 2013

July 12th, 2013 by Joe Kristan

The IRS has issued (Rev. Rul. 2013-15) the minimum required interest rates for loans made in July 2013:

-Short Term (demand loans and loans with terms of up to 3 years): 0.23%

-Mid-Term (loans from 3-9 years): 1.22%

-Long-Term (over 9 years): 2.80%

The Long-term tax-exempt rate for Section 382 ownership changes in July 2013 is 2.80%.

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

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