Employee Benefits Blog

Posts tagged Pass-through entities

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Tax Season Trap Door: Business Interest Expense Limitation for Pass-through Entities & their Owners

This article assumes that its readers are familiar with the basics of 163(j). If that assumption is false, please first read our earlier article, written just after the Tax Cuts and Jobs Act was passed. Our previous article is a summary of the Business Interest Expense Limitation as written in the Code, while this article explains the new guidance, primarily derived from the proposed regulations.