IRS releases Applicable Federal Rates (AFR) for May 2014

May 14, 2014 by OSYB Staff

The IRS has issued Applicable Federal Rates for loans made in May 2014. The new rates are .33% for short term loans up to 3 years. Mid-term loans are 3-9 years, terms are 1.93%. Long term, over 9 years is 3.27%. Long term tax-exempt rate for Section 382 ownership is 3.36%. Read more.