Medical Device Tax: IRS shows (some) mercy to medical device companies

December 6, 2012 by MassDevice staff

The IRS will waive penalties for the first 3 quarters of 2013 for medical device companies who do not make semi-monthly payments on time due to "reasonable cause."

MassDevice.com coverage of the medical device tax

The IRS will waive penalties for late payments of the medical device excise tax for the first 3 quarters of 2013, provided it's an honest mistake, according to new regulations released the U.S. Treasury Thursday.

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