{"id":8264,"date":"2020-10-19T10:10:45","date_gmt":"2020-10-19T14:10:45","guid":{"rendered":"https:\/\/resources.evans-legal.com\/?p=8264"},"modified":"2020-10-19T10:11:51","modified_gmt":"2020-10-19T14:11:51","slug":"new-record-low-short-term-rate-for-november","status":"publish","type":"post","link":"https:\/\/resources.evans-legal.com\/?p=8264","title":{"rendered":"New Record Low Short-Term Rate for November"},"content":{"rendered":"\n<p>The Internal Revenue Service has announced federal rates for the month of November under \u00a7\u00a7 1274 and 7520 of the Internal Revenue Code (\u201cIRC\u201d), one of which will be the lowest rate since the IRS began publishing federal interest rates in 1984.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The federal short-term rate under \u00a71274, which would apply to (among other things) an intra-family loan under \u00a77872 with a term of not more than three years, will be 0.13%, which is lower than the 0.14% which applied in September and October.<\/li><li>The November mid-term and long-term rates of 0.39% and 1.17% will be somewhat higher that the rates of 0.35% and 1.00% that applied in September.<\/li><li>The \u00a77520 rate, which is used to value life estate, annuities, and remainders, will remain at 0.4%, which is the record low first set in August.<\/li><\/ul>\n\n\n\n<p>For information on estate planning techniques to take advantage of these low rates, see \u201c<a href=\"https:\/\/resources.evans-legal.com\/?p=7853\">Low-Interest Estate Planning Strategies<\/a>\u201d (subscription required), which contains links to the&nbsp;<a href=\"https:\/\/wcalcs.com\/\">Webcalculators<\/a>&nbsp;overviews of&nbsp;<a href=\"https:\/\/resources.evans-legal.com\/?p=7915\">long-term GRATs<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/resources.evans-legal.com\/?p=8108\">interest-only term notes<\/a>&nbsp;(no subscription required for those overviews) and sample calculations from Webcalculators.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Internal Revenue Service has announced federal rates for the month of November under \u00a7\u00a7 1274 and 7520 of the Internal Revenue Code (\u201cIRC\u201d), one of which will be the lowest rate since the IRS began publishing federal interest rates &hellip; <a class=\"more-link\" href=\"https:\/\/resources.evans-legal.com\/?p=8264\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[29],"tags":[492,585,745],"class_list":["post-8264","post","type-post","status-publish","format-standard","hentry","category-news-items","tag-applicable-federal-rates","tag-irc-7520","tag-irc-7872","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/8264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8264"}],"version-history":[{"count":2,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/8264\/revisions"}],"predecessor-version":[{"id":8266,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/8264\/revisions\/8266"}],"wp:attachment":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}