Is the ASC assessment deductible for federal and state tax purposes?
Yes, the ambulatory surgical center assessment is deductible for federal income tax purposes under sec. 164(a) of the Internal Revenue Code. There is no provision in Wisconsin law that requires the amount of the federal deduction under sec. 164(a) to be added back to federal income when determining Wisconsin taxable income. Therefore, the amount of the federal deduction will automatically carry over to the Wisconsin return and be allowed for Wisconsin. Specific questions regarding the deductibility of the assessment for federal income tax purposes should be directed to the Internal Revenue Service.
