The IRS has issued the minimum required interest rates for loans made in September 2009:
-Short Term (demand loans and loans up to 3 years): 0.84%
-Mid-Term (3-9 year loans): 2.87%
-Long-Term (9+ years): 4.38%
The Section 7520 Rate is: 3.4%The IRS has issued the minimum required interest rates for loans made in September 2009:
-Short Term (demand loans and loans up to 3 years): 0.84%
-Mid-Term (3-9 year loans): 2.87%
-Long-Term (9+ years): 4.38%
The Section 7520 Rate is: 3.4%