Report: The IRS is having trouble with the medical device tax-massdevice: Not even the IRS can make sense of the medical device tax, a provision of the Affordable Care Act requiring medical device companies to pay a 2.3% levy on all U.S. sales, according to a report from a U.S. Treasury inspector general.The tax is imposed on all U.S. sales of prescribed medical devices and contains a "retail exemption" on devices sold to the general public, such as contact lenses or diabetes devices and supplies. Estimates on the amount the tax is expected to range vary, from $30 billion over 10 years to the Joint Committee on Taxation's forecast for
$20 billion for fiscal years 2013 through 2019.
