Schedule M Individual - Professions And Commissions Income
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1Schedule M Individual
Rev. 05.02
PROFESSIONS AND COMMISSIONS
200__
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
Income from (check one):
Check here if this is your principal industry or business
;
;
Taxpayer
Spouse
;
3
4
;
;
Check one:
Professions
Commissions
1
2
Employer's Identification 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
0 0
Income ...............................................................................................................................
1.
(01)
0 0
Less: Operating expenses and other costs (Detail in Part III) .....................................................
2.
(10)
0 0
Net income ..........................................................................................................................
3.
(11)
0 0
Less: Net operating loss from previous years (Submit schedule, see instructions) .....................
4.
(12)
Gain (or loss) (If it is a gain, transfer to page 1, Part 2, line 2N of the return. If it is a loss,
5.
see instructions) .....................................................................................................................................
(20)
0 0
Part III
Operating Expenses and Other Costs
85
0 0
Salaries, commissions and allowances to employees ....................................................................
1.
(01)
0 0
Commissions to businesses .................................................................................................
2.
(02)
0 0
Payroll expenses .................................................................................................................
3.
(03)
0 0
Contributions to pension plans ..............................................................................................
4.
(04)
0 0
Contributions to deferred income plans ...................................................................................
5.
(05)
0 0
Medical or hospitalization insurance .......................................................................................
6.
(06)
0 0
Interest on business debts .....................................................................................................
7.
(07)
0 0
Rent paid ............................................................................................................................
8.
(08)
0 0
Property taxes .....................................................................................................................
9.
(09)
0 0
Other taxes, patents and licenses ...........................................................................................
10.
(10)
0 0
Repairs ...............................................................................................................................
11.
(11)
0 0
Motor vehicles expenses .......................................................................................................
12.
(12)
0 0
Utilities ...............................................................................................................................
13.
(13)
0 0
Insurance ...........................................................................................................................
14.
(14)
0 0
Advertising .........................................................................................................................
15.
(15)
0 0
Travel expenses ...................................................................................................................
16.
(16)
0 0
Meal and entertainment expenses (Total expenses $________________) (See instructions) .......
17.
(17)
0 0
Professional services .....................................................................................................................
18.
(18)
0 0
Materials and supplies ...................................................................................................................
19.
(19)
0 0
Depreciation and amortization (Submit Schedule E) ................................................................
20.
(20)
0 0
Bad debts ...........................................................................................................................
21.
(21)
0 0
Other expenses (Submit detailed schedule) ............................................................................
22.
(22)
Total (Transfer to Part II, line 2 of this Schedule) .......................................................................
23.
0 0
(30)
Conservation Period: Ten (10) years
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