Video: New Tax Law Changes, New Interest Expense Limitation

J. David Carroll, Esq. discusses the new interest expense limitations in the new tax act.

The Tax Cuts and Jobs Act grants tax relief for certain business entities; however, these cuts are partnered with some eliminations of previous deductions. David Carroll, one of our experienced corporate transaction attorneys, speaks about the new interest expense limitations in the new tax law, provides some insight into how the restrictions work, and describes the exceptions to the application of the new limitation.