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
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Our Securities Group analyzes the Securities and Exchange Commission’s new staff guidance on the accounting impacts U.S. tax reform will have on publicly traded companies and their financial statement disclosures.
Staff Accounting Bulletin (SAB) No. 118
SEC Staff Compliance and Disclosure Interpretation (C&DI) 110.02
SEC Consultation Guidance
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