The American Institute of Professional Bookkeepers VOLUME 2: Issue 10

Rules for expensing interest

As your company's or client's financial statements and tax returns are being prepared, questions may arise about interest expense. What is deductible and what is not-from loans on life insurance to commitment fees for lines of credit? Here is an update we recently gave in The General Ledger newsletter(, the free monthly briefing for members. As a member, you have access to valuable information like this from prior issues at the AIPB Web site on the "Members Only" page.

The rules are as follows:


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