IRS finalizes rules on business interest expense deduction limits

The Internal Revenue Service released the final regulations and other guidance on the limitation on the deduction for business interest expenses under the Tax Cuts and Jobs Act of 2017, which was amended by the CARES Act earlier this year.

Original Article Posted at : https://www.accountingtoday.com/news/irs-finalizes-rules-on-business-interest-expense-deduction-limits