Eversheds Sutherland Legal Insights (audio)

The Internal Revenue Code has historically limited the ability of corporations to deduct certain interest paid to related parties. The recent Tax Cuts and Jobs Act modified this limitation and expanded its application, such that the current limitation applies to all taxpayers and to all business interest, whether or not paid to related parties. This Bottom Line videocast discusses: Differences between the historic and current versions of this limitation on interest expense Application of the current limitation on interest expense Exceptions to the current limitation on interest expense