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Wisconsin Tribal Conservation Advisory Council Meeting Minutes Wednesday, June 11, 2014, Red Cliff Meeting called to order at 8:04 1. Roll Call Present: Bad River (Lacey HillKastern), FCC (Nate Gulden),

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What is red cliff?

Red Cliff refers to the 30% rule that restricts the deduction of interest expense if it exceeds 30% of EBITDA.

Who is required to file red cliff?

Corporations and partnerships are required to file red cliff if they exceed certain thresholds.

How to fill out red cliff?

Red Cliff form can be filled out by providing detailed information about interest expense, EBITDA, and other relevant financial data.

What is the purpose of red cliff?

The purpose of red cliff is to prevent excessive interest deductibility which can erode the tax base.

What information must be reported on red cliff?

On red cliff, companies must report interest expense, EBITDA, and calculate the allowable deduction based on the 30% rule.

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