Tax Partner Sean Burke’s latest article for The Mann Report explains Section 163(j) interest limitations
The Mann Report
By Sean Burke, Partner, Tax & Business Services
Navigating U.S. tax law can feel like a Herculean task, particularly for small businesses and taxpayers in the real estate industry. The Tax Cuts and Jobs Act in 2017 made this task even more complex due to Section 163(j) — a provision that restricts the amount of business interest taxpayers can deduct. Opportunities and exceptions do present themselves, but navigating these waters demands strategic planning.