Tax Time Cometh: IRS Issues Device Tax Proposed Rule
This article was originally published in The Gray Sheet
Executive Summary
IRS issued the draft regulation in the lead up to the Jan. 1, 2013, launch date of the 2.3% federal excise tax on most U.S. device sales, enacted in 2010 under the Affordable Care Act. The agency is collecting comments on the proposal through May and will hold a public meeting May 16.
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First Device Tax Deposits Due Next January
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