Schedule M Individual - Professions And Commissions Income - 2006

Schedule M Individual

Rev. 12.06

PROFESSIONS AND COMMISSIONS

2006

INCOME

Taxable year beginning on _________________, _____ and ending on ________________, _____

Taxpayer's name

Social Security Number

Part I

Questionnaire

(You must fill out one schedule for each source of income)

67

Employer Identification Number

Fill in one:

Income from (fill in one):

Fill in here if this is your principal industry or

3 Professions

business

1 Taxpayer

2 Spouse

4 Commissions

Merchant's Registration Number

Location of Principal Office - Number, Street and City

Date operations began:

Day____ Month____ Year____

Industrial Code

Code

Nature of profession (i.e. lawyer, accountant, commission agent, etc.)

Number of employees

Part II

Determination of Gain or Loss

75

00

1.

Income ...........................................................................................................................................................................

(01)

00

Less: Operating expenses and other costs (Detail in Part III) .......................................................................................

2.

(10)

00

3.

Net income .....................................................................................................................................................................

(11)

00

4.

Less: Net operating loss from previous years (Submit schedule, see instructions) .....................................................

(12)

5.

Gain (or loss) (If it is a gain, transfer to page 1, Part 2, line 2 O of the return. If it is a loss,

see instructions) ..........................................................................................................................................................

(20)

00

Part III

Operating Expenses and Other Costs

85

00

1.

Salaries, commissions and allowances to employees ..................................................................................................

(01)

00

2.

Commissions to businesses .........................................................................................................................................

(02)

00

3.

Payroll expenses ........................................................................................................................................................

(03)

00

4.

Contributions to pension plans ....................................................................................................................................

(04)

00

5.

Contributions to deferred income plans .......................................................................................................................

(05)

00

6.

Medical or hospitalization insurance ............................................................................................................................

(06)

00

7.

Interest on business debts ...........................................................................................................................................

(07)

00

8.

Rent paid ....................................................................................................................................................................

(08)

00

9.

Property taxes ...........................................................................................................................................................

(09)

00

10.

Other taxes, patents and licenses ...............................................................................................................................

(10)

00

11.

Repairs ......................................................................................................................................................................

(11)

00

12.

Motor vehicles expenses ...........................................................................................................................................

(12)

00

13.

Utilities ........................................................................................................................................................................

(13)

00

14.

Insurance ................................................................................................................................................................

(14)

00

15.

Advertising ....................................................................................................................................................

(15)

00

16.

Travel expenses ........................................................................................................................................................

(16)

00

17.

Meal and entertainment expenses (Total expenses $________________) (See instructions) ....................................

(17)

00

18.

Professional services ..................................................................................................................................................

(18)

00

19.

Materials and supplies ................................................................................................................................................

(19)

00

20.

Depreciation and amortization (Submit Schedule E) ....................................................................................................

(20)

00

21.

Bad debts ...................................................................................................................................................................

(21)

00

22.

Other expenses (Submit detailed schedule) .................................................................................................................

(22)

23.

Total (Transfer to Part II, line 2 of this Schedule) ........................................................................................................

(30)

00

Retention Period: Ten (10) years