- This event has passed.
Surgent-Section 163(j): Business Interest Limitation After TCJA (S163) [Non-CPE]
December 10, 2020 @ 1:30 pm - 5:00 pm
The Tax Cuts and Jobs Act added Section 163(j), limiting the deduction of business interest for certain taxpayers. Section 163(j) is accompanied by hundreds of pages of IRS regulations addressing important elements of this statute, which we have incorporated into digestible parts of this program. Many taxpayers will be exempt from Section 163(j), and others can elect not to be subject to its provisions. The program covers the impact of the new legislation as well as which taxpayers are not subject to its provisions, either automatically or electively. The program will be updated when the IRS issues final regulations.
- Which taxpayers are subject to Section 163(j)?
- The $26 million gross receipts test
- What is an excepted trade or business?
- Tax shelters and electing real property businesses
- What is business interest for Section 163(j) purposes?
- How does Section 163(j) impact pass-through entities?
- Latest regulations
- Understand how Section 163(j) impacts taxpayers, including pass-through entities
- Calculate the $26 million gross receipts test
Tax practitioners who anticipate advising clients regarding this complex provision
Working knowledge of federal tax rules related to individuals and businesses
Contact Allen [firstname.lastname@example.org] for login details
Recent Posts / View All Posts
If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters even more. Your business ownership…
Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues. The partnership issue An unincorporated business with your spouse is…
In recent years, merger and acquisition activity has been strong in many industries. If your business is considering merging with or acquiring another business, it’s important to understand how the…
With the gift and estate tax exemption amount at $12.92 million for 2023, only a small percentage of families are subject to federal estate tax. While that’s certainly a relief,…