The Tax Act’s New Business Interest Expense Limitation – Dear IRS: Some Guidance, Please?

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The Tax Cuts and Jobs Act replaced the earnings stripping rules with a new limitation on deductions for business interest expense. Our International Tax Group examines the new law and what it means for interest expense deductions going forward.

  • Special rules for partnerships and S corporations
  • Rules for corporations
  • What the new limitation leaves out

Read the full advisory here.