The IRS has issued (Rev. Rul. 2010-26) the minimum required interest rates for loans made in November 2010:
-Short Term (demand loans and loans with terms of up to 3 years): 0.35%
-Mid-Term (loans from 3-9 years): 1.59%
-Long-Term (over 9 years): 3.35%
The Long-term tax-exempt rate for Section 382 ownership changes in November 2010 is 3.86%.
The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
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