Log Out

IRS Proposes New Business Interest Limitation

November 29, 2018

The U.S. Internal Revenue Service (IRS) issued REG-106089-18 (PDF), which includes 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.