The American Institute of CPAs testified Wednesday during an Internal Revenue Service hearing on proposed regulations for implementing the limitation on the deduction for business interest expense ...
If you borrow money to buy investment assets, the IRS will sometimes allow you to deduct the loan’s interest from the taxable income the investments generate. This is called the investment interest ...
Some taxpayers might choose not to rely on the proposed regulations, particularly if certain requirements of the proposed regulations provides for unfavorable results that might be avoided. The TCJA ...