IRS Releases March AFRs

Revenue Ruling 2010-08 provides various prescribed rates for federal income tax purposes for March 2010 (current month) including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, the adjusted federal long-term tax-exempt rate. These rates are determined as prescribed by section 1274.

The section 7520 rate is 3.2 percent.

The AFRs are as follows:

Short-Term:

• Annual:                   .64 percent
  
• Semi-Annual:          .64 percent         
• Quarterly:               .64 percent
  
• Monthly:                 .64 percent
  

• Annual:                   2.69 percent
  
• Semi-Annual:          2.67 percent
  
• Quarterly:               2.66 percent
  
• Monthly:                 2.66 percent
  

• Annual:                   4.35 percent
  
• Semi-Annual:          4.30 percent
  
• Quarterly:               4.28 percent
  
• Monthly:                 4.26 percent