Tag: IRS
HME dodges tax bullet
December 7, 2012Liz Beaulieu, Editor
WASHINGTON - A more detailed “facts and circumstances” test in the IRS's final regulations for a medical device tax should ensure that “virtually all” HME falls under a retail exemption, industry stakeholders say.“This is a home run,” said Cara Bachenheimer, senior vice president of government relations for Invacare.Starting Jan. 1, the IRS plans to levy a 2.3% excise tax on certain medical devices as part of a healthcare law that Congress passed in 2010. It expects...