Dissecting New Rules on How Business Interest Expense Can Be Limited
The Tax Cuts and Jobs Act created new limits on the deductibility of business interest expense for all businesses. While it generated a level of concern when passed, the depth of how many taxpayers it could affect flew somewhat under the radar.
In this video, Barry Hollingshead, Tax Manager at MGA, shares some valuable insight on how the new limitation works, exceptions to the new rules that you should be aware of, and how the MGA tax team is evaluating this for each of our clients.
While we attempt to keep the information brief and topical, we recognize that there is a lot that goes into this new limitation. It’s complex and deep, but our tax team understands the intricate details of it, making us a reliable and trusted resource to help you out.