John Bullis
For the Nevada Appeal

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July 10, 2012
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John Bullis: Understanding, using applicable federal rates

"AFRs" is short for Applicable Federal Rates. The Internal Revenue Service determines on a monthly basis the federal short-term, mid-term and long-term interest rates. The federal short-term interest rate is for written debts or loans that mature in less than three years.

The federal mid-term interest rate is for debts or loans that mature in three years, but not over nine years. The long-term interest is for debts or loans that mature in over nine years.

For a sale or exchange, the applicable federal rate of interest that applies for any month in the three-calendar-month period ending with the first …

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The Nevada Appeal Updated Jul 10, 2012 02:57AM Published Jul 10, 2012 02:55AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.