The medical device tax is like a bad public school teacher: It’s a drain on the system and seemingly impossible to get rid of.
U.S. Internal Revenue Service (IRS)
Report: The medical device tax falls short, again
The IRS may have a new problem on its hands with a dramatic shortfall in revenues collected for the 2.3% medical device tax.
The agency expected between 40%-66% more filed returns during the 1st half of 2013 than it received, according to a report from the Star Tribune.
Medtech tax slip-up fuels calls for repeal | MassDevice.com On Call
MASSDEVICE ON CALL — Medical device industry lobbyists have new ammunition in the fight against the 2.3% Affordable Care Act tax thanks to a U.S. Treasury report citing several issues with the IRS’s management of the levy.
Report: The IRS is having trouble with the medical device tax
Exclusive: IRS collected $1.4B in medtech excise tax payments in 2013
MassDevice.com +3 | The top 3 med-tech stories for July 2, 2013
Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
Covidien could be on the hook for nearly $450M in back taxes
IRS hit with another probe over medical records | MassDevice.com On Call
MASSDEVICE ON CALL — The IRS is under fire again, this time for allegations that it improperly seized millions of medical records in California.
The U.S. House Energy & Commerce Committee opened a probe of the alleged malfeasance by the federal tax bureau after a lawsuit filed in March charged the IRS with seizing 10 million records without a warrant or subpoena.
Republicans launch anti-Obamacare blitz in the wake of D.C. scandals | MassDevice.com On Call
MASSDEVICE ON CALL —The GOP is capitalizing on the recent IRS scandal in its campaign against healthcare reform with a new advertising strategy launched last week. The campaign took off with a 1-day mobile billboard blitz in blue districts claiming the Democratic party wants to "put the IRS in charge of your healthcare."
Medical device tax winners and losers – reactions to the long-awaited IRS medtech tax codes
Flash: IRS releases final guidance on the medical device tax
The IRS has released its final guidance on how the agency intends to regulate and enforce the 2.3% medical device excise tax, slated to go into effect in 2013.
The 58-page report from the federal agency was released Wednesday morning and can be downloaded here.