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Corporate Taxes › Car Dealerships › Tax Deductions

Eversheds Sutherland (US) LLP

Special treatment for motor vehicle inventory interest under new federal tax law

Eversheds Sutherland (US) LLP on

The new 2017 tax law restricts the amount of interest most corporations can deduct on their returns, but includes a significant exception for automobile dealers. Under the revised version of section 163(j) of the Internal...more

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