IRS Sets Applicable, Adjusted Federal Interest Rates for January

The Internal Revenue Service announced in Revenue Ruling 2014-1 the applicable federal interest rates and adjusted applicable federal rates for January.

The revenue ruling updated the December rates set in Rev. Rul. 2013-26 224 DTR G-3, 11/20/13.

The short-term annual applicable federal rate is 0.25 percent, the midterm annual applicable federal rate is 1.75 percent and the long-term rate is 3.49 percent.

As for the annual adjusted federal rates, the short-term rate is 0.25 percent, the midterm rate is 1.56 percent and the long-term rate is 3.49 percent.

The revenue ruling also included for January:

• theInternal Revenue ...