FAQ: How does the suspension of the ACA medical device excise tax impact compliance?

The Affordable Care Act (ACA) imposed an excise tax on the sale of certain medical devices by the manufacturer or importer of the device. The tax is 2.3 percent. Under the ACA, the excise tax was effective for the sale of medical devices after December 31, 2012. The tax is now under a two year [...]

FAQ: How does the suspension of the ACA medical device excise tax impact compliance? 2017-03-01T00:30:40+00:00

FAQ: Is the cost of a weight loss program for obesity tax deductible?

FAQ: Is the cost of a weight loss program for obesity tax deductible? Yes …but only if it is a medical necessity. The IRS has ruled that uncompensated amounts paid to participate in a weight-loss program as treatment for a specific disease or diseases (including obesity) diagnosed by a physician are deductible expenses for medical [...]

FAQ: Is the cost of a weight loss program for obesity tax deductible? 2017-03-01T00:30:40+00:00

FAQ: Are contributions to foreign charities tax-deductible?

FAQ: Are contributions to foreign charities tax-deductible? Social media has helped to make our world smaller and when natural disasters and tragedies occur we want to help with contributions of money and/or other types of aid. At home, countless charitable organizations are providing all types of help and generally, your contributions to U.S. charities are [...]

FAQ: Are contributions to foreign charities tax-deductible? 2017-03-01T00:30:43+00:00