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Proposed regs. outline new business interest expense limitation

by Sally P. Schreiber, JD | Dec 01, 2018   ()
In REG-106089-18, the IRS proposed rules that would govern the new business interest limit in Sec. 163(j), as amended by the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97. The IRS also asked for comments on all aspects of the proposed regulations by 60 days after they are published in the Federal Register and plans to hold a hearing on Feb. 25, 2019, in Washington. Anticipating great interest in the rules, the IRS also said it would continue the hearing to Feb. 26 if necessary.

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Source: Journal of Accountancy

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