Medical Device Tax News - January 2014

IRS Office of Chief Counsel issues private letter ruling on medical device excise tax convenience kit rules

On December 23, 2013, the IRS released a letter ruling (PLR), dated August 30, 2013, which provides important insight into the ‘Convenience Kit’ rules and the government interpretation of exportation and importation of medical devices and the contract manufacturing rules as applied to the Section 4191 Medical Device Excise Tax (MDET).

Medical Devices Tax News, January 2014