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Current Federal Tax Developments · Mar 18, 2026
Understanding Revenue Procedure 2026-17: Opportunities for IRC § 163(j) and § 168(k) Relief Following the OBBBA
Tax Brief summary and classification of the original reporting.
Bottom Line
💡 Understanding Revenue Procedure 2026-17: Opportunities for IRC § 163(j) and §.... Review and take action if applicable to your clients.
Summary
For tax professionals advising clients on the business interest deduction limitation, Revenue Procedure 2026-17 offers crucial administrative relief. Following the sweeping legislative changes introduced by the One, Big, Beautiful Bill Act (OBBBA), this procedure permits eligible taxpayers to wit...
Classification
Category: heads upPriority: action neededReason: Contains 'revenue procedure' - action may be required
Applies To
1040
Affected Groups
Individual return preparers
Related Topics
Original Source
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