OrbitaxU.S. IRS Releases Final and Proposed Regs on Business Interest Expense Deduction Limitation for Publication
|Approved Changes|United States
The U.S. IRS has released for publication the final regulations on the Limitation on Deductions for Business Interest Expense (TD 9905) as provided in the Tax Cuts and Jobs Act with amendments made by the CARES Act ({News-2020-07-30/A/8-previous coverage}). Related proposed regulations have also been released for publication that provide additional guidance on various business interest expens…
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