Medical Device Tax News - December 2012

Final regulations on the implementation of the Medical Device Excise Tax were released by the Federal Register on December 5, 2012. The Internal Revenue Service and the Department of the Treasury also released Notice 2012-77 addressing issues that were deferred in the final regulations as well as Frequently Asked Questions and answers. Though many questions remain unanswered, the IRS and Treasury have pledged to release further guidance in the future.