
IRS Updates Guidance on Business Interest Deduction
The IRS has issued updated guidance regarding the business interest deduction, providing clarity for businesses following recent tax law changes. This update offers important information for taxpayers on how to calculate and claim the deduction.
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IRS Updates Business Interest Deduction Guidance Following Tax Law Changes
Revised FAQs for the business interest deduction explain changes to adjusted taxable income, floor plan financing, capitalization rules, and CFC inclusions.
By Kelly Phillips Erb, Forbes Staff
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