On January 17, the IRS published a notice (see attached) stating that the agency will temporarily waive penalties (not the tax itself) tied to the medical device tax for the first three quarters of 2018 in the “interest of sound tax administration” due to the “short time frame between the end of the moratorium period [January 1, 2018] and the due date of the first deposit [January 29, 2018].” The medical device tax has long been an advocacy issue for the AAO, so removing the penalties now that the moratorium has been lifted (at least for the first three quarters of 2018) is hopefully beneficial to you and your practice.
The AAO continues to lobby to try to retroactively extend the medical device tax moratorium, such that the tax would not apply to sales during calendar years 2018 or 2019.
