Bipartisan Efforts to Delay the MDET

In a surprise bipartisan effort to delay the Medical Device Exise Tax, the general confusion over the tax itself and the implications on both businesses and medical advancement has taken hold.

An article in the Boston Business Journal outlines the issues. With the first checks due to the government on January 18, small businesses are scrambling to implement procedures to ensure compliance with the prospective tax, rather than deal with a retrospective tax.

The IRS final regulations can be found in PDF form here and the interim guidance document here.


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