Page 120 - Large Business IRS Training Guides

Objectives 2

At the end of Part 3, you will be able to:

• Define interest for IRC § 163(j) purposes,

• Identify examination challenges resulting from

nuances in the definition of interest,

• Explain the anti-avoidance rule, and

• Define Business Interest Income and Expense,

Floor Plan Financing and describe their role in

the IRC § 163(j) limitation calculation.

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