IRS Form: Corporate Interest Disallowance Instructions (IRC §163)

Form 8926, Disqualified Corporate Interest Expense Disallowed Under Section 163(j) and Related Information, instructions regarding disqualified corporate interest expense under tax code Section 163(j), before repeal by the 2017 tax act, Pub. L. No. 115-97, released December 18. A corporation’s interest expense deduction may be disallowed if it paid or accrued disqualified interest during the tax year. The IRS noted that with the change in the law, Form 8926 and its instructions will be obsolete for tax years beginning after December 31, 2017. The IRS alerted affected taxpayers to use the December 2017 revision of Form 8926. ...