The document summarizes a webinar about the medical device excise tax that went into effect on January 1, 2013. The webinar explains which medical devices the tax covers, how to determine the effective selling price for tax purposes, and addresses important questions about exemptions, filing requirements, and penalties. Attendees of the webinar would receive information on the regulations, worksheets to help determine taxability and pricing of devices, and an explanation of determining quarterly filings and semi-monthly deposits. The webinar would benefit those in accounting, tax, finance, legal, quality, regulatory and sales roles at medical device companies.

1. Medical Device Excise Tax
This webinar explains the excise tax on medical device manufactures that went into effect on
January 1, 2013, including the devices it covers and the effective selling price for tax purposes.
Why Should you Attend:
The medical device excise tax is effective as of January 1, 2013 and applies to medical devices
listed with the FDA under Part 807. However, there are exceptions that could limit your tax
exposure.
This webinar answers important questions about the excise tax.
Are all medical devices liable for the tax? Which ones are exempt?
Since the tax uses the price of the device, how do you determine the correct price for
the tax?
When does the manufacturer make deposits and file forms?
Will IRS grant relief on penalties because the rules are unfamiliar?
As a bonus, participants will receive:
A copy of the regulations, formatted to read more easily
A sample worksheet to help determine if your device is taxable
A sample worksheet to help determine the effective sale price of a taxable device
Areas Covered in the Webinar:
The law that created the medical device excise tax
An explanation of a manufacturer’s excise tax
The basic requirement to pay the tax – listing a medical device under Part 807
The retail exemption for the tax
Exemptions based on device classification – the safe harbor
The facts and circumstances test, including device classification
Determining the effective sale price – the six IRS distribution chain models
Quarterly filing
Semi-monthly deposits
Granting relief on penalties
Who will benefit:
People in the following roles, in medical device companies, can especially benefit from the
knowledge in this webinar:

2. Accounting and tax
Finance
Legal
Quality
Regulatory
Sales
For more details visit us at:
http://www.complianceonline.com/ecommerce/control/trainingFocus/~product_id=703114?
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