Federal Rates for September 2016 Released by CCHtaxgroup

Applicable Federal Rates for September 2016 Released (Rev. Rul. 2016-20)

CCH Tax Day Report

Various prescribed rates for federal income tax purposes for September 2016 have been provided by the IRS. The annual short-term, mid-term and long-term applicable federal interest rates (AFRs) are 0.61 percent, 1.22 percent and 1.90 percent, respectively. The semiannual short-term, mid-term and long-term AFRs are 0.61 percent, 1.22 percent and 1.89 percent, respectively. Quarterly short-term, mid-term and long-term AFRs are 0.61 percent, 1.22 percent and 1.89 percent, respectively. Finally, the monthly short-term, mid-term and long-term rates are 0.61 percent, 1.22 percent and 1.88 percent, respectively.

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