Webinar| Strafford: Interest Deduction Limitations Under Section 163(j): New IRS Final Regs, Application to Partnerships and CFCs

Join Strafford's Live CLE/CPE webinar on March 18, 2021 as they  address recent final IRS regulations on interest deduction limitations under Section 163(j). The panel will discuss the impact of the regulations on partnerships and CFCs, rules for computing ATI and determining the deduction cap, special carryover and transition rules, and elections and exemptions, as well as offer methods to ensure tax savings. Section 163(j) limitations on business interest deductibility create significant tax consequences for many partnerships. This broad business interest limitation rule applies to all taxpayers, with limited exceptions, reducing a taxpayer's ability to deduct interest expenses. Effective as of Nov. 13, 2020, the IRS final regulations provide some modifications to Section 163(j). Tax advisers to partnerships need a clear understanding of the impact of these rules limiting deductibility and regulations to avoid unanticipated tax costs. Pallav Raghuvanshi, Shareholder at Greenberg Traurig  will present with Dina A. Wiesen,  Managing Director, National Tax Office, Passthroughs at Deloitte on the "Interest Deduction Limitations Under Section 163(j): New IRS Final Regs, Application to Partnerships and CFCs" .