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IRS issues Applicable Federal Rates (AFR) for May 2011

April 25, 2011

The IRS has issued (Rev. Rul. 2011-11) the minimum required interest rates for loans made in May 2011:

-Short Term (demand loans and loans with terms of up to 3 years): 0.56%

-Mid-Term (loans from 3-9 years): 2.44%

-Long-Term (over 9 years): 4.19%

The Long-term tax-exempt rate for Section 382 ownership changes in May 2011 is 4.55%.

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.

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