A couple of weeks ago, we announced that we were going to start adding a separate line item to invoices to cover our cost for the 2.3% medical device excise tax.
A few doctors responded with questions, so we decided to take one more look to make sure we we hadn't missed anything. Our attorneys and accountants dug deep into the murky depths of the federal tax code and returned with some excellent news. Based on the latest guidance from the IRS, as a dental lab manufacturing a Class II medical device, it looks like ClearCorrect is not required to pay the excise tax.
We'll refund the line-item fees that we've collected over the last two weeks, and you won't be seeing them on your invoices any more. We're just as happy about this as you are, and we apologize for the mixed messages. This is a brand-new law, and there is a lot of disagreement even between experts over exactly how to apply it.