Interest Write-Off Rules Paired for ‘Full Picture,’ Says IRS

The reason two expected packages of regulations will be released at the same time is because they cross-reference one another, an IRS official said Friday. The two packages—one final and one proposed, to be released simultaneously—address the 2017 tax law’s cap on companies’ interest payment write-offs.

“It’s just easier to kind of comprehend both at the same time, because there are cross-references between the two documents,” Anthony McQuillen, an IRS attorney-adviser, told Bloomberg Tax at a Washington conference when asked why they’ll be released at the same time.

“And we would just prefer to give everybody everything at ...