Dec 18 2018 36 mins 1
Doug McHoney (PwC's US International Tax Services Leader) and Craig Gerson (PwC MA Partner) explore, with a partnership lens, the significant changes and surprises provided by new Section 163(j), the US interest deduction limitation. Among other 163(j) topics, they cover the broad definition of interest, the mechanical computations, the determination of business interest versus investment, and the special allocation principles.
