The Tax Act’s New Business Interest Expense Limitation – Dear IRS: Some Guidance, Please?
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. [...]Read more