The U.S. IRS has announced the issuance of final and proposed regulations on the business interest expense deduction limitation, as well as additional guidance. The regulations have been submitted to the Office of the Federal Register for placement and official publication. --- IRS issues final regulations and other guidance on business interest expense deduction limitation WASHINGTON — The Internal Revenue Service issued final regulations regarding the provision of the Tax Cuts and Jobs Act that limits the deduction for business interest expense, including basic statutory amendments made by the CARES Act. For tax years beginning after Dec. 31, 2017, business...