IRS Sets Applicable, Adjusted Federal Interest Rates for January

The Internal Revenue Service has announced the applicable federal interest rates and adjusted applicable federal rates for January 2015.

The short-term annual applicable federal rate is 0.41 percent, the midterm annual applicable federal rate is 1.75 percent and the long-term rate is 2.67 percent, the IRS said Dec. 19 in Revenue Ruling 2015-1.

As for the annual adjusted federal rates, the short-term rate is 0.41 percent, the midterm rate is 1.36 percent and the long-term rate is 2.67 percent.

The revenue ruling also included for January:

• the Internal Revenue Code Section 382 adjusted long-term rate and the long-term ...