REVENUE RULE 92-50
1992-2 C.B. 205, 1992-27 I.R.B. 11.
Internal Revenue Service
Revenue Ruling
FEDERAL RATES; ADJUSTED FEDERAL RATES; ADJUSTED FEDERAL LONG-TERM RATE;
AND THE LONG-TERM EXEMPT RATE
Published: June 18, 1992
Section 1274. Determination of Issue Price in the Case of Certain Debt Instruments Issued for Property
(See Also Sections 42, 280G, 382, 412, 467, 468, 483, 807, 846, 1288, 7520, 7872.)
Federal rates; adjusted federal rates; adjusted federal long-term rate; and the long-term exempt rate. For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for July 1992.
This revenue ruling provides various prescribed rates for federal income tax purposes for July 1992 (the current month). Table 1 contains 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. Table 2 contains the short-term, mid-term, and long-term adjusted applicable federal rates (adjusted AFR) for the current month for purposes of section 1288(b). Table 3 sets forth the adjusted federal long-term rate and the long-term tax-exempt rate described in section 382(f). Table 4 contains the appropriate percentages for determining the low-income housing credit described in section 42(b)(2) for buildings placed in service during the current month. Table 5 contains 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. Finally, Table 6 contains the 1992 blended annual rate for purposes of section 7872(e)(2).
REV. RUL. 92-50 TABLE 1
Applicable Federal Rates (AFR) for July 1992
Short-Term
| Period for Compounding | |||||
| Annual | Semiannual | Quarterly | Monthly | ||
| AFR | 4.84% | 4.78% | 4.75% | 4.73% | |
| 110% | AFR | 5.33% | 5.26% | 5.23% | 5.20% |
| 120% | AFR | 5.82% | 5.74% | 5.70% | 5.67% |
Mid-Term
| Period for Compounding | |||||
| Annual | Semiannual | Quarterly | Monthly | ||
| AFR | 6.85% | 6.74% | 6.68% | 6.65% | |
| 110% | AFR | 7.55% | 7.41% | 7.34% | 7.30% |
| 120% | AFR | 8.25% | 8.09% | 8.01% | 7.96% |
| 150% | AFR | 10.37% | 10.11% | 9.99% | 9.90% |
| 175% | AFR | 12.15% | 11.80% | 11.63% | 11.52% |
Long-Term
| Period for Compounding | |||||
| Annual | Semiannual | Quarterly | Monthly | ||
| AFR | 7.73% | 7.59% | 7.52% | 7.47% | |
| 110% | AFR | 8.52% | 8.35% | 8.26% | 8.21% |
| 120% | AFR | 9.32% | 9.11% | 9.01% | 8.94% |
REV. RUL. 92-50 TABLE 2
Adjusted AFR for July 1992
Short-term
| Period for Compounding | |||||
| Annual | Semiannual | Quarterly | Monthly | ||
| Adjusted | AFR | 3.65% | 3.62% | 3.60% | 3.59% |
Mid-term
| Period for Compounding | |||||
| Annual | Semiannual | Quarterly | Monthly | ||
| Adjusted | AFR | 5.22% | 5.15% | 5.12% | 5.10% |
Long-term
| Period for Compounding | |||||
| Annual | Semiannual | Quarterly | Monthly | ||
| Adjusted | AFR | 6.23% | 6.14% | 6.09% | 6.06% |
REV. RUL. 92-50 TABLE 3
Rates Under Section 382 for July 1992
Adjusted federal long-term rate for the current month 6.23%
Long-term tax-exempt rate for ownership changes during the current month (the highest of
the adjusted federal long-term rates for the current month and the prior two months).
6.44%
REV. RUL. 92-50 TABLE 4
Appropriate Percentages Under Section 42(b)(2)for July 1992
Appropriate percentage for the 70% present value low-income housing credit 8.72%
Appropriate percentage for the 30% present value low-income housing credit 3.74%
REV. RUL. 92-50 TABLE 5
Rate under section 7520 for July 1992
Applicable federal rate for determining the present value of an annuity, an interest for
life or a term of years, or a remainder or reversionary interest 8.2%
REV. RUL. 92-50 TABLE 6
Blended Annual Rate for 1992
Section 7872(e)(2) blended annual rate for 1992 4.98%
1992-2 C.B. 205, 1992-27 I.R.B. 11.