Tuesday, August 18, 2009

IRS Issues AFRs for September 2009

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%