Was wondering if anyone has come across this.
The Sunshine Act is a federal law that requires manufacturers of covered drugs, devices, biologics or medical supplies to collect detailed information about payments and other "transfers of value" worth more than $10 from manufacturers to physicians and teaching hospitals.
One of my clients has received a letter notifying TOV of certain amount. No 1099 is received. Is this amount taxable. No payment was received by the physician directly.