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IRS Releases Applicable Federal Rates (AFR) for August 2009

July 21, 2009

The IRS has issued (Rev. Rul. 2009-22) the minimum required interest rates for loans made in August 2009:

-Short Term (demand loans and loans with terms of up to 3 years): 0.83%

-Mid-Term (loans from 3-9 years): 2.8%

-Long-Term (over 9 years): 4.26%

Historical AFRs are available at the "links" page at www.rothcpa.com. You can also click here for the rates for prior months as reported in the Tax Update.

Tags: afr.

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