Schedule I Individual - Ordinary And Necessary Expenses

Schedule I Individual

2006

Rev. 12.06

ORDINARY AND NECESSARY EXPENSES

Taxable year beginning on __________________________________ , ________ and ending on ____________________________________ , ________

Social Security Number

Taxpayer's name

Part I:

Detail of Expenses (See instructions)

Meals and entertainment

Total expenses incurred or paid ............................................................................................................................

(01)

Reimbursed expenses (meals and entertainment) ................................................................................................

(02)

Difference (If line 1B exceeds line 1A, refer to Schedule I Individual of the Long Form) .....................................

(03)

Difference (If line 1A exceeds line 1B, enter the excess here) ...............................................................................

(04)

Enter 50% of line 1D (See instructions) .................................................................................................................

(05)

Other expenses

Cost and maintenance of uniforms .......................................................................

(11)

Dues paid to unions, college memberships and professional associations ...........

(12)

Purchase of educational materials by teachers ...................................................

(13)

Purchase of technical books related to professional or technical work .................

(14)

Educational and improvement expenses of your profession or occupation ..........

(15)

Depreciation (Part II of this Schedule) .................................................................

(16)

Other expenses related to your profession or occupation ....................................

(17)

Total other expenses (Add lines 2A through 2G. Enter total here) ..........................................................................

(18)

Reimbursement of other expenses .........................................................................................................................

(19)

Difference (If the amount on line 2 I exceeds the amount on line 2H, refer to Schedule I

Individual of the Long Form) ..................................................................................................................................

(20)

If line 2H exceeds line 2 I, enter the excess on this line ...........................................................................................

(30)

Total ordinary and necessary expenses (Add lines 1E and 2K. Enter the amount on this line) ...................................

(31)

Wages, Commissions, Allowances and Tips (Part 2, line 1B of the Short Form)...........................................................

(32)

Federal Government Wages (Part 2, line 2B of the Short Form) ..............................................................................

(33)

Total wages (Add lines 4 and 5) .................................................................................................................................

(34)

Multiply line 6 by 3% and enter here ..........................................................................................................................

(35)

Deduction for ordinary and necessary expenses (Enter here and in Part 3, line 6E of the

Short Form the smaller of the following amounts: line 3, line 7, or up to the limit of $1,500) ..........................................

(40)

Retention Period: Ten (10) years