IRS Issues Final Regulations on the Business Interest Expense Deduction Limitation by Heath Standorf, CPA
Posted on October 20, 2020 by Heath Standorf
The IRS recently published final regulations regarding the business interest expense deduction limitations introduced in 2017 by the Tax Cuts and Jobs Act (TCJA) and recently updated by the CARES Act. Included in the final regulations are guidance to help taxpayers identify and calculate their interest deduction limitation and FAQs to help them understand if […]