IRS and Treasury request comments on implementation of medical device excise tax

On December 3, 2010, the IRS and Treasury issued Notice 2010-89 concerning the new I.R.C. § 4191 excise tax on medical devices. The Notice announces establishment of a guidance project on the new excise tax and requests comments. Comments are specifically requested on medical devices that should be exempted from the excise tax.

Comments must be submitted by March 3, 2011.