Revenue Ruling 2010-11 provides various prescribed rates for federal income tax purposes for April 2010 (current month) including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, and 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: .67 percent
- Semi-Annual: .67 percent
- Quarterly: .67 percent
- Monthly: .67 percent
- Annual: 2.70 percent
- Semi-Annual: 2.68 percent
- Quarterly: 2.67 percent
- Monthly: 2.67 percent
- Annual: 4.40 percent
- Semi-Annual: 4.35 percent
- Quarterly: 4.33 percent
- Monthly: 4.31 percent
Posted by Neil I. Rumbak, Associate Editor, Wealth Strategies Journal.
IRS Announces March AFRs. By. Associate Editor ... See also IRS Announces Federal Applicable Rates for March, 2010 TNT 34-18
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