Breaking Down The New Interest Deduction Limitation

By Taylor Kiessig and Brian Tschosik (February 22, 2018, 12:34 PM EST) -- The Internal Revenue Code has historically limited the ability of corporations to deduct certain interest paid to related parties. The recent Tax Cuts and Jobs Act, P.L. 115-97, modified this limitation and expanded its application, such that the current limitation applies to all taxpayers and to all business interest, whether or not paid to related parties....

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