IRS issues final regulations and other guidance on business interest expense deduction limitation

IRS issues final regulations and other guidance on business interest expense deduction limitation  https://www.irs.gov/newsroom/irs-issu https://accountinginstruction.info The Internal Revenue Service issued final regulations (PDF) regarding the provision of the Tax Cuts and Jobs Act that limits the deduction for business interest expense, including basic statutory amendments made by the CARES Act.