The IRS has issued a revenue ruling on the determination of issue prices in the case of certain debt instruments issued for property
• The short-term, mid-term and long-term applicable federal rates (AFR) for
the current month for purposes of section 1274(d) of the Internal Revenue
Code;
• The short-term, mid-term and long-term adjusted applicable federal rates (adjusted AFR) for the current month for purposes of Section 1288(b);
• The adjusted federal long-term rate and long-term tax-exempt rate described in Section 382(f);
• The appropriate percentages for determining the low-income housing
credit described in Section 42(b)(1) for buildings placed in service during
the current month (though under 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, and before Dec. 31, 2013, shall not be less than 9 percent); and,
• The federal rate for determining the present value of an annuity, an interest for life or for a term of years, or a remainder or a reversionary interest for purposes of Section 7520.