17-Oct-2020 11:29pm
(b) Federal short-term rate For purposes of this section—
(1) General rule
The Secretary shall determine the Federal short-term rate for the first month in each calendar quarter.
(2) Period during which rate applies
(A) In general
Except as provided in subparagraph (B), the Federal short-term rate determined under paragraph (1) for any month shall apply during the first calendar quarter beginning after such month.
(3) Federal short-term rate
The Federal short-term rate for any month shall be the Federal short-term rate determined during such month by the Secretary in accordance with section 1274(d).
(B) Determination of rates
During each calendar month, the Secretary shall determine the Federal short-term rate, mid-term rate, and long-term rate which shall apply during the following calendar month.
18-Oct-2020 3:30pm
18-Oct-2020 3:50pm
. Does that mean forever after?(e) 110 Percent rate where sale-leaseback involved
(1) In general
In the case of any debt instrument to which this subsection applies, .....
(3) Debt instruments to which this subsection applies
This subsection shall apply to any debt instrument given in consideration for the sale or exchange of any property if, pursuant to a plan, the transferor or any related person leases a portion of such property after such sale or exchange.
18-Oct-2020 7:00pm
Doug M wrote:I am not sure what your question is, but the Secretary in month 1 determines what the rates are going to be for month 2.
19-Oct-2020 2:57pm
20-Oct-2020 4:22pm
Pitch78 wrote:https://www.irs.gov/pub/irs-drop/rr-20-07.pdf