This course provides participants with a deeper dive concerning Section 163(j) which imposes a limit for the deduction of business interest expenses. Temporary and Final regulations are reviewed along with impacts from the recently enacted CARES Act.
Course Publication Date:
March 31, 2021
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$20.00!
| Author: | Frank Castillo CPA |
| Course No: | TAX-163J-18001 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Basic |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Taxes
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Learning Objectives
- Recall key terms necessary to calculate the Section 163j business interest limitation.
- Identify important subtopics in connection with the business interest limitation such as the small business limitation and elections for select real estate entities.
- Recall details associated with proposed and final regulations which impact code section 163(j).
- Identify select provisions of the CARES act which impact the calculation of prospective and previously filed tax returns.