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Life Sciences Alert: Excise Tax for Medical Devices on the Way
Posted by Michael Corrente on Mon, Oct 15, 2012 @ 09:13 AM

Affected Companies Can Register to Claim an Exemption Using Form 637

Author: Michael Corrente

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Topics: Michael Corrente, life sciences, taxable medical devices, Form 637, excise tax, tax-exempt, IRS

IRS Issues Proposed Regulations on Medical Device Excise Tax
Posted by Michael Corrente on Fri, Feb 3, 2012 @ 03:00 PM

The IRS has issued proposed regulations that provide guidance on the medical device excise tax imposed by Code Sec. 4191. Starting in 2013, any manufacturer, producer or importer of certain medical devices is subject to the tax, which is equal to 2.3 percent of the price for which the medical device is sold. The medical devices tax was enacted by the Health Care and Education Reconciliation Act of 2010 (P.L. 111-152) in conjunction with the Patient Protection and Affordable Care Act (P.L. 111-148).

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Topics: Michael Corrente, taxable medical devices, tax, IRS, IRS Updates, Medical Device Excise Tax

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