This is the table of contents of Internal Revenue Bulletin IRB 2019-05. Click on an entry to view the entry. Items shown under "Highlights of This Issue" open summaries of each IRB-referenced document only. Scroll to Parts I, II, etc. to view the full text versions of each IRB-referenced document. Use the "Keyword Search" option of TouchTax to search the full text of all Internal Revenue Bulletins, including this IRB.
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This notice provides a waiver of additions to tax for underpayment of estimated income tax for individuals. This waiver is limited to individuals whose total withholding and estimated tax payments made on or before January 15, 2019, equal or exceed eighty-five percent of the tax shown on the return for the 2018 taxable year.
Section 163(j) imposes a limitation on the deduction for business interest expense. These proposed regulations replace previously issued proposed regulations, and provide guidance on calculating the limitation, certain exceptions to the limitation, and the applicability of the limitation in consolidated group, partnership, and international contexts.
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