IRS Sets Applicable, Adjusted Federal Interest Rates for November

The IRS announced in Revenue Ruling 2015-22 the applicable federal interest rates and adjusted applicable federal rates for November.

The short-term annual applicable federal rate is 0.49 percent, the midterm annual applicable federal rate is 1.59 percent and the long-term rate is 2.57 percent, the Internal Revenue Service said Oct. 19.

As for the annual adjusted federal rates, the short-term rate is 0.49 percent, the midterm rate is 1.49 percent and the long-term rate is 2.57 percent.

The revenue ruling updates the October rates set in Rev. Rul. 2015-21 181 DTR G-1, 9/18/15, 19 IRS Practice Adviser Report 13, 10/9/15, 42 BPR 1680, 9/22/15, 181 PBD, 9/18/15, 181 PBGCN, 9/18/15