Corporate Interest Deduction Limitations

Summary

This practice note provides an overview of some of the corporate interest deduction limitations contained in the Internal Revenue Code, including business interest deduction limitations rules under current I.R.C. Section 163(j), applicable high yield debt instruments under I.R.C. Sections 163(e) and (i), I.R.C. Section 163(l) limitations applicable to disqualified debt instruments, interest deduction limitations on corporate acquisition indebtedness under I.R.C. Section 279, related party matching rules under I.R.C. Section 267(a)(2), I.R.C. Section 482, and debt/equity classification rules.