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Diagnosis of new tax on medical devices

by on
in Small Business Tax,Small Business Tax Deduction Strategies

The IRS has clarified the rules concerning a new 2.3% excise on certain medical devices. (IRS Notice 2012-77)

Beginning in 2013, the tax is imposed on manu­facturers and importers but doesn’t directly affect individual consumers. The list of devices subject to the new tax ranges from pacemakers to tongue depressors, but eyeglasses, contact lenses, hearing aids and prosthetics are specifically exempted.

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{ 1 commentsῂ read them below or add one }

Buy Orthopedic Devices February 26, 2013 at 6:17 am

Great Blog like to read it you have to update your blog time to time.
Buy Orthopedic Devices

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