Second Round of Debt Interest Write-Off Proposed Rules Coming (1)

The Treasury Department has another batch of proposed rules for the 2017 tax overhaul’s debt interest deduction limit in the works, and is taking a second look at an unpopular sticking point in the first tranche, an official said.

The second package—which would follow an initial round of proposals (REG-106089-18) released in November and published in December—should be released along with the final version of the latter, said Bryan Rimmke, an attorney-adviser in Treasury’s Office of Tax Legislative Counsel, said May 10 at a conference in Washington. The second package won’t be as large or comprehensive as ...