Home / Politics / IRS Issues Revenue Procedure on Withdrawal of Business Interest Deduction Limitation, Late Depreciation Elections

IRS Issues Revenue Procedure on Withdrawal of Business Interest Deduction Limitation, Late Depreciation Elections

The IRS provides transition relief allowing taxpayers to withdraw certain elections made under the business interest deduction limitation rules and make late depreciation elections in response to changes under the …

The IRS provides transition relief allowing taxpayers to withdraw certain elections made under the business interest deduction limitation rules and make late depreciation elections in response to changes under the One Big Beautiful Bill Act. The guid… [423 chars]

Source: Bloomberg Tax News | Published: 2026-03-19T18:30:35Z

Credit: Bloomberg Tax News

Tagged:

Leave a Reply

Your email address will not be published. Required fields are marked *