Monday, June 14, 2010

IRS Issues Regulations on 10-Percent Tax on Tanning Services Effective July 1

Just days after Jersey Shore star Snookie and Senator John McCain brought media attention to the now famous tanning tax, the IRS has issued a new press release regarding the regulations on the 10 percent tax due to take effective July 1st.

In general, providers of indoor tanning services will collect the tax at the time the purchaser pays for the tanning services. The provider then pays over these amounts to the government, quarterly, along with IRS Form 720, Quarterly Federal Excise Tax Return.

The tax does not apply to phototherapy services performed by a licensed medical professional on his or her premises. 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.

You can download a PDF version of the regulations courtesy of by clicking here.

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