The Internal Revenue Service today issued regulations outlining the administration of a 10-percent excise tax on indoor tanning services that goes into effect on July 1.<\/p>\n
The regulations were published today in the Federal Register.\u00a0<\/p>\n
In general, providers of indoor tanning services will collect the tax at the time the purchaser pays for the tanning services.\u00a0 The provider then pays over these amounts to the government, quarterly, along with IRS Form 720, Quarterly Federal Excise Tax Return.<\/p>\n
The tax does not apply to phototherapy services performed by a licensed medical professional on his or her premises.\u00a0 The regulations also provide an exception for certain physical fitness facilities that offer tanning as an incidental service to members without a separately identifiable fee.\u00a0\u00a0<\/p>\n
The IRS and Treasury Department invite comments.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Internal Revenue Service today issued regulations outlining the administration of a 10-percent excise tax on indoor tanning services that goes into effect on July 1. The regulations were published today in the Federal Register.\u00a0 In general, providers of indoor … Continue reading