- Treasury and IRS release final Section 163j regulations: PwC
Overview Today, Treasury and the IRS released Final Regulations under Section 163 (j) Treasury previously released proposed regulations under Section 163 (j) on July 28, 2020 (published on September 14, 2020 in the Federal Register) Section 163 (j), which was modified by the 2017 Tax Reform Act and the CARES Act, limits US business interest expense deductions to the sum of business interest
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