March 11, 2021

Glitches Persist in Consolidated Group Interest Deduction Rules

The IRS is considering unexpected consequences that could arise in computing the business
interest deduction limits upon the sale or disposition of stock of a consolidated group member
with depreciable property.

A&M's Kevin M. Jacobs shares his perspective with Tax Notes and offers several examples he analyzed to showcase unexpected results in applying the "lesser of" and anti-duplication rules.

 

 

READ THE FULL ARTICLE HERE

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