Interest expense refers to the cost incurred by an entity for borrowed funds. It represents the interest payable on any borrowings, such as bonds, loans, convertible debt, or lines of credit.

In last week’s article, my colleague discussed the new rules on the treatment of foreign currency transactions for internal revenue tax purposes. That article provided clarifications and guidelines on ...

If you borrow money to buy investment assets, the IRS will sometimes allow you to deduct the loan’s interest from the taxable income the investments generate. This is called the investment interest ...

The tax law divides interest expense into several different categories, each with its own limitation on deductibility. The three most important categories are business interest, investment interest, ...