published treasury mid-term rates

L1: published treasury mid-term ratesYour site is incredibly valuable, Kudos to you. Onequestion: in your table of interest rates to use for determining SEPP amounts, you have the ‘published’ 120% treasury mid-term rate for December ’04 there (4.28%), well ahead of December ’04. On the treasury’s site, I can only find November’s (and previous) rates. Where does yours come from?
thanks,
Rick Schilf
2004-11-28 20:09, By: Rick, IP: [67.122.13.173]

L2: published treasury mid-term ratesHello Rick:
Actually, I can answer this one because I had cause to research this issue in the past. AFRs are not computed by the IRS; instead they are computed by a couple of really smart mathematicians @ The Department of Treasury. Further, AFRs are computed from the 16th of the prior month to the 15th of the current month. Therefore, for 12/04, the AFRs were computed using data points from 10/18 through 11/15. It probably takes Treasury a day or two to compute all of the AFRs which they them email over to the IRS. The IRS publishes the AFRs as received from Treasury as a Revenue Ruling; 2004-106 in this case which also is published in the Cumulative Bulletin each Monday.
Other IRS departments are obviously behind the curve in that if you check www.irs.govtax_regsfedrates.htmlyou will not see the 12/04 rates, nonetheless they have been published.
TheBadger
wjstecker@wispertel.net
2004-11-28 21:06, By: TheBadger, IP: [66.250.23.22]