IRS Releases Business Interest Expense Proposed Regulations

The IRS has released proposed regulations (REG-106089-18) concerning the business interest expense deduction limits applied to certain taxpayers. As amended by the Tax Cuts and Jobs Act (TCJA), section 163(j) generally places a limit on the amount of deductible business interest expenses in a current taxable year. The proposed regulations, released on November 26, provide rules for calculating the business interest expense limitations in international, partnership, and consolidated group contexts, among other items. The proposed regulations further provide that certain trades and businesses, as well as small businesses with gross receipts of $25 million or less, are not subject to the limits under section 163(j).

Read more: IRS Issues Proposed Regulations on New Business Interest Expense Deduction Limit

Read Proposed Regulations: REG-106089-18


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