Professional Documents
Culture Documents
u.s. Individual Income Tax Return 2006 (991 IRS Use Only - Do not write or staple In this space
MB No. 1545-0074
For the year Jan 1-Dec. 3', 2006, or other tax year beginning 2006, ending .20
Label
t
Your first name and Inllial Last name Your socIal security number
(See L
instructions ~ f---"'"'J~AM=E=S~R~. -----1~P~E=R=R=Y----------__+-------
on page 16.) E If a jOint return, spouse's first name and initial Last name
Use the IRS L M. ANITA PERRY
label. H Home address (number and street), If you have a P.O. box, see page 16.
Otherwise, E 10 1 a COLORADO
please print R
or type. E CIty, town or post office, state, and ZIP code. 11 you have a foreign address, see page 16. Checking abox below will not
Presidential AUSTIN TX 787 a1 change your tax orrerund
Election Campaign ~ Check here if you, or your spouse if filing jointly, want $3 to go to this fund (see page 16) ~D You D Spouse
Filing Status
1 D Single 4 D Head of household (with qualifying person). If the qualifying
2 [X] Married filing jointly (even if only one had income) person is a child but not your dependent, enter this child's
Check only 3 D Married filing separately. Enter spouse's SSN above name here. ~
- - - - - - - - - - - - -
one box. and full name here. ~ 5 D Qualifying widow(er) with dependent child (see page 17\
6a [X] Yourself. If someone can claim you as a dependent, do not check box 6a ~~~~sa~~e~~ed _2_
Exemptions
b [X] Spouse No. or children
on 6c who:
C Dependents: (2) Dependent's social (3) Dependent's
relationship to
Dependents on 6c
If more than four not entered above
dependents
see page 19_
d Total number of exemotions claimed
Add numbers
~~~~ees~ I;l
Income 7 Wages, salaries, tips, etc. Attach Form(s) W-2 7 103 709.
8a Taxable interest. Mach Schedule B if required 8a 198.
Attach Form(s)
W-2 here. Also
attach Forms
W-2G and
1D99-R if tax
b Tax-exempt interest. Do not include on line 8a
9a Ordinary dividends. Attach Schedule B if required
b Qualified dividends (see page 23)
..,
T8b
9b
I·'
1 7 835.
9a 13 285.
was withheld. 10 Taxable refunds, credits, or offsets of state and local income taxes 10
11 Alimony received 11
12 Business income or (loss). Attach Schedule Cor C-EZ ... 12
If you did not
get a W-2,
13 Capital gain or (loss). Attach Schedule D if required. If not required, check here .. ~ D 13 <3 000. >
see page 23_
14 Other gains or (losses). Attach Form 4797 14
5 900.
Enclose, but do
not attach, any
payment. Also,
15a
17
IRA distributions
16a Pensions and annuities 16a t:J I
b Taxable amount
b Taxable amount
Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attacll Schedule E
15b
16b
17 36 664.
please use 18 Farm income or (loss). Attach Schedule F 18
6"10001
36 Adl1 lines 23 tllrough 31a and 32 tllrough 35 36 16 358.
02-05-07 37Subtract line 36 from line 22. This is your adjusted gross income ~ 37 204,065.
LH.iJ, For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see page 80. Form 1040 (2006)
':'I.
---------------------------_!_~~~~~~_!_-----------------------------
Form
Depanment of the Treasury
Internal Revenue Service
To File U.S. Individual Income Tax Return
For calendar year 2006, or other tax year beginning , 2006, ending
2006
I Part II .Identification " Part II I· Individual Income Tax
1 Your name(s) 4 Estimate of total tax liability for 2006 ... $ 46,430.
JAMES R. PERRY & M. ANITA PERRY 5 Tolal2006 payments. ...... 46,430.
Address 6 Balance due. Subtract line 5 from line 4 O.
1010 COLORADO 7 Amount YOU are paying. ~ O.
City, town or post office, state, and ZIP code 8 Check here if you are 'out of the country" and a U.S.
AUSTIN TX 78701 citizen orresident ...... . . . . . ... . . ............. ...... ~ D
2 Your social security number
)3 Spouse's social security number 9 Check here if you file Form 1040NR or 1040NR-EZ and did not receive
451 96 5106 wages as an employee subject to U.S. income tax withholding ~ 0
LHi\ For Privacy Act and Paperwork Reduction Act Notice, see instructions. Form 4868 (2006)
~
Credits 39a Check { D You were born before January 2, 1942, D Blind.} Total boxes
Standard
Deduction for ~
if: D Spouse was born before January 2, 1942, D Blind. checked ".
39a I
• People who b If your spouse Itemizes on a separate return or you were a dual-status allen, see page 34 and check here ~ 39b D
checked any
box on lIne 39a
40 Itemized deductions (from Schedule A) or your standard deduction (see left margin) 40 14 847.
or 3gb or who
can be claimed
41 Subtract line 40 from line 38 41 189 218.
as a dependent 42 If line 38 IS over $112,875, or you provided housing to a person displaced by Hurricane Katrina,
see page 36. Otherwise, multiply $3,300 by the total number of exemptions claimed on line 6d 42 9 900.
43 Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter -0 43 179 318.
• All others
44 Tax. Check if any tax is from: a D Form(s) 8814 b D Form 4972 . 44 38 594.
Single or
MarrIed filing 45 Alternative minimum tax. Attach Form 6251 45
separately,
$5.150
46 Add lines 44 and 45 . ~ 46 38 594.
MaJTled filIng
47 Foreign tax credit. Attach Form 1116 if required. 47 6.
JOintly or 48 Credit for child and dependent care expenses. Attach Form 2441 . 48
Qualltylng
wldow(er), 49 Credit tor the elderly or the disabled. Attach Schedule R . 49
$10,300
50 Education credits. Attach Form 8863 50
Head 01
household, 51 Retirement savings contributions credit. Attach Form 8880 51
$7.550 52 Residential energy credits. Attach Form 5695 52
53 Child tax credit (see page 42). Attach Form 8901 if required 53
54 Credits from: a D Form 8396 b D Form 8839 c D Form 8859 54
55 Other credits:a D Form 3800 b D Form 8801 c D Form - - - 55
56 Add lines 47 through 55. These are your total credits 56 6.
57 Subtract line 56 from line 46. If line 56 is more than line 46, enter -0- . ~ 57 38 588.
Other
58 Self-employment tax. Attach Schedule SE . 58 9 170.
59 Social security and Medicare tax on tip Income not reported to employer. Attach Form 4137 59
Taxes
60 Additional tax on IRAs, other qualified retirement plans, etc. Attach Form 5329 if required ........... .... :NO.
60 590 .
61 Advance earned income credit payments from Form(s) W-2, box 9 61
62 Household employment taxes. Attach Schedule H 62
63 Add lines 57 through 62. This is your total tax ~ 63 48 348.
Payments 64 Federal income tax withheld from Forms W-2 and 1099 64 13,887. STATEMENT 8
65 2006 estimated tax payments and amount applied from 2005 return 65 32 469.
If you have 66a Earned income credit (EIC) . 66a
'~I
a qualifying
child. attach b Nontaxable combat pay election 66b 1
Schedule EIC.
67 Excess social security and tier 1 RRTA tax withheld (see page 60)s'l'11'l' 7 67 24.
68 Additional child tax credit. Attach Form 8812 .. 68
69 Amount paid with request for ex1ension to file (see page 60) . 69
70 Payments from: a DForm 2439 b DForm 4136 c DForm 8885 70
71 Credit for federal telephone excise tax paid. Attach Form 8913 if required 71 50.
72 Add lines 64 65 66a and 67 throuoh 71. These are your total pavments ~ 72 46,430.
Refund 73 If line 72 is more than line 63, subtract line 63 from line 72. This is the amount you overpaid .. 73
Direct deposil?
74a Amount of line 73 you want refunded to you. If Form 8888 is attached, check here. ~ D 74a
See page 61
and Min 74b,
74c, and 74d,
~
Rouhno
b number
I ~ C Type
DI Checkino
D Account
SavJnOs ~ d number
I
or Form 8888 75 Amount of line 73 yOU want apPlied to your 2007 estimated tax ......... ~
75
Amount 76 Amount you owe. Subtract line 72 from line 63. For details on how to pay, see page 62 ... ~ 76 2 063.
You Owe 77 Eslimated tax Denaltv (see Daoe 62) .. ............ ......
............ ............ 77 I 145. 1
Third Party Do you want to allow another person to diSCUSS thiS return With the IRS (see page 63)? [X] Yes. Complete the following. No D
Designee Deslonee's llo..- PREPARER Phone llo..- Personal identIficatIon llo..
name ,....- no ...... number (PIN) ,....
Sign Under penalties of perjury, I declare that I have examined this return and accompanYing schedules and statements, and to the best of my knowledge and belief, they are true, correct,
and complete. Declaration of pre parer (other than taxpayer) is based on all Information of which pre parer has any knowledge.
Here Your signature Date Your occupation Dayllme phone number
~
Joint return?
See page 17. GOVERNOR
Keep a copy Spouse's signature. If aloint return, both must sign Date Spouse's occupation
for your
records.
"ONSULTANT
Paid Preparer's I Date Check if self- Ipreparer's SSN or PTIN
Preparer'ssi9nature
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _---L I
employed D i p 0 0 16 418
-'---_ _ ---,-'=="~L_____"'_"__=_==_.",:__=_=_="_=
4 _
Use Only Firm's name (or MEADOR & JONES LLP I ErN 7 4 . 2 9 8 4 51 6
610002
yours if self-em
ployed), address,
~2414 EXPOSITION BLVD SUITE BC-230 I Phone nos 12 - 4 7 2 - 0 7 9 5
11-07-06 and ZIP code AUSTIN, TX 78703
Underpayment of OMB No.1545-0140
No
~r
Complete lines 8 and 9 below. Is line 6 equal to or more Yes ... You do not owe a penalty. Do not file Form 2210 (but if box
than line 9? E below applies, you must file page 1 of Form 2210).
~ No
You may owe a penalty. Does any box in Part II below apply? Yes ...
r You must file Form 2210. Does box S, C, or D apply?
~r
No I~o t I Yes
~I You must figure your penalty.
I
Do not file Form 2210. You are not required to figure your You are not required to figure your penalty because the IRS will
penalty because the IRS will figure it and send you a bill for any figure it and send you a bill for any unpaid amount. If you want to
unpaid amount. If you want to figure it, you may use Part III or figure it, you may use Part III or Part IV as a worksheet and enter
Part IV as a worksheet and enter your penalty amount on your tax your penalty amount on your tax return, but file only page 1 of
return, but do not file Form 2210. Form 2210.
G12501
01·30-07
6.1
_4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
Form 2210 (2006) J AME S R. & M. ANI'l'A PERRY age 3
, Part IV I Regular Method (See page 3 of the instructions if you are filing Form 1040NR or 1040NR-EZ.)
Payment Due Dates
Section A - Figure Your Underpayment (a) (b) (c) (d)
4/15/06 6/15/06 9/15/06 1/15/07
Form 1040A, line 48; Form 1040NR, line 75; Form 1040NR-EZ, line 27; or Form 1041,line 26; but do not
612'91/0'-30-07
6.2
.4200411 786859 630 2006.05020 PERRY. JAMES R. 1
UNDEh .....AyMENT OF ESTIMATED TAX WORKS • ...£T
-Date
Amount Balance Due Balance Due Penalty Rate Penalty
-0
1:::
06 15/06
06/15/06
/06 <10 469. t>
10 318.
6 689.
3 211. 15 . 000191781 9.
I I I I
612511
05-01-06
6.3
l4200411 786859 630 2006.05020 PERRY. JAMES R. 630 1
OMB No 1545-0074
SCHEDULES A&B
Schedule A - Itemized Deductions
(Form 1040)
Department of the Treasury
(Schedule B is on page 2) 2006
Internal Revenue Service (99) ~ Attach to Form 1040. ~ See Instructions for Schedules A&B (Form 1040).
Name(s) shown on Form 1040 Your socIal security number
22 1000.
-------------------------------------
23 Add lines 20 through 22.. f-'2""3'+-_ _-=1'-.L-8"'--'=3c..:1~.
24 Enter amount from Form 1040, line 38 . i" 2 0 4 0 6 5 • T2d
25 Multiply line 24 by 2% (.02) ,-,2==-,5~ _ _~4,-,-0~8,.:1"__=_1'
26 Subtract line 25 from line 23. If line 25 is more than line 23, enter -0 26 o.
Other 27 Other - from list on page A7. List type and amount
Miscellaneous ~
Deductions
27
Total 28 Is Form 1040, line 38, over $150,500 (over $75,250 if married filing separately)?
SJ'''ITJ,J,~
Itemized D No. Your deduction is not limited. Add the amounts in the far right column
Deductions for lines 4 through 27. Also, enter this amount on Form 1040, line 40.
} 28 14,847.
[X] Yes. Your deduction may be limited. See page A7 for the amount to enter.
29 If you elect to itemize deductions even though they are less than your standard deduction, check here ...... ~D
LHA For Paperwork Reduction Act Notice, see Form 1040 instructions. Schedule A (Form 10'10) 2006
619501
11-10-06
7
.4200411 786859 630 2006.05020 PERRY. JAMES R. 630 1
SchedUles A&S (Form 1040) 2006 OMS No. 1545-0074 Page 2
Name(s) shown on Form 1040. Do not enter name and social secunty number if shown on page 1. Your social security number
Part I 1 List name of payer. If any interest is from a seller-financed mortgage and the buyer used the Amount
Interest property as a personal residence, see page B-1 and list this interest first. Also, show that
buyer's social security number and address ~
BANK OF AMERICA
6.
PLAINSCAPITAL BANK
192.
Note. If you
received a Form
1099-INT,
Form 1099-0ID,
1
or substitute
statement from
a brokerage firm,
name as the
shown on that
form.
1099·DIVor
substitute
statement from
a brokerage firm,
the ordinary
dividends shown
on that form.
6 Add the amounts on line 5. Enter the total here and on Form 1040, line 9a . ... ............ ~
6 13 285.
N ate. If IIne 6 .IS over $1 500 vou must comole
I t e Part III
Part III
You must complete this part if you (a) had over $1 ,500 of taxable interest or ordinary dividends; or (b) had a foreign
Yes No
Foreign
account· or Ic) received a distribution from or were a arantor of or a transferor to a foreian trust.
Accounts
7a At any time during 2006, did you have an interest in or a signature or other authority over a financial
and
account in a foreign country, such as a bank account, securities account, or other financial account? X
Trusts
b If 'Yes,' enter ttlC name of the foreign cauntly >-
8 During 2006, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust?
627501
11-10-06
If "Yes," you may have to file Form 3520. See page B·2 . X
LHA For Paperwork Reduction Act Notice, see Form 1040 instructions. Schedule B (Form 1040) 2006
8
4200411 7868SQ ~~o ?oo~.nsn?n PRRRY. ~AMR~ R. 1
OMS No. 1545-0074
SCHEDULE D Gapital Gains and Losses
(Form 1040)
Department of the Treasury
Internal Revenue Service (99) ~ Attach to Form 1040 or Form 1040NR. ~ See Instructions for Schedule D (Form 1040).
2006
~~g~:~c:n~o. 12
Name(s) shown on return Your social security number
7 Net short-term caoital cain or Iloss1. Combine lines 1 throuqh 6 in column (f) 7 <11 686. >
I Part II I Long-Term Capital Gains and Losses - Assets Held More Than One Year
(a) DescrIptIOn of property (b) Date (c) Date sold (e) Cost or (f) Gain or (loss)
(Example: 100 sh. XYZ Co.) acquired (Mo., day, yr.) (d) Sales pnce
other basis Subtract (e) from (d)
(Mo., day, yr.)
620511/11-10-06
9
4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
& M. ANITA PERRY
16 Combine lines 7 and 15 and enter the result. If line 16 is a loss, skip lines 17 through 20, and go to
line 21. If a gain, enter the gain on Form 1040, line 13, or Form 1040NR, line 14. Then go to line
17 below 16 <24 879.>
18 Enter the amount, if any, from line 7 of the 28"/0 Rate Gain Worksheet on page 0·8 of the
instructions. . ~ 1----'1"'8'-+ _
19 Enter the amount, if any, from line 18 of the Unrecaptured Section 1250 Gain Worksheet on
page 0·9 of the instructions.... .. ~ 1----'1-"'9-+ _
21 If line 16 is a loss, enter here and on Form 1040, line 13, or Form 1040NR, line 14, the smaller of:
•
•
The loss on line 16 or
($3,000), or if married filing separately, ($1,500) } ...S.E.E ..S'l'A'l'.E.ME.NT ..14... 21 l -'3~, -=-0-=-0-=.0. =.)
Note. When figuring which amount is smaller, treat both amounts as positive numbers.
22 Do you have qualified dividends on Form 1040, line 9b, or Form 1040NR, line 10b?
[X] Yes. Complete Form 1040 through line 43, or Form 1040NR through line 40. Then complete
the Qualified Dividends and Capital Gain Tax Worksheet on page 38 of the Instructions
for Form 1040 (or in the Instructions for Form 1040NR).
D No. Complete the rest of Form 1040 or Form 1040NR.
620512 11-10-06
10
?nn~.n~n?n PRRRV. ~~MR~ R. f130 1
Qualified Dividends and Capital Gain Tax Worksheet - Line 44 Keep for Your Records
/ If you do not have to file Schedule D and you received capital gain distributions, be sure you
checked the box on line 13 of Form 1040.
610451
11-14-06
10.1
4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
OMS No. 1545-0074
SCHEDULE E ~upplemental Income and LO~$
(Form 1040)
Department of the Treasury
(From rental real estate, royalties, partnerships,
S corporations, estates, trusts, REMICs, etc.) 2006
Internal Revenue Service (99) ~ Attach to Form 1040, 1040NR, Of Form 1041. ~ See Instructions for Schedule E(Form 1040).
5 Advertising
5
6 Auto and travel (see page E-4)
6
7 Cleaning and maintenance
7
8 Commissions
-- 8
9 Insurance
9
10 Legal and other professional fees _
10
11 Management tees ___
11
12 Mortgage interest paid to banks, etc.
(see page H) 12 12
13 Other interest 13
14 Repairs 14
15 Supplies _ 15
16 Taxes 16
17 Utilities 17
18 Other (list) ~
18
If Parts II, III, IV, and line 40 on page 2 do not apply to you, also enter this amount all Form 1040,
line 17, or Form 1040NR, line 18. Otherwise, include tills amount In the total on line 41 on page 2
26 2,954.
621491 1'-02-06 LHA For Paperwork Reduction Act Notice, see instructions. Schedule E(Form 1040) 2006
11
4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
Schedule E (Form 1040) 2006 Attachment Sequence No. 13
Name{s) shown on return. Do not enter name and socIal security number If shown on page'.
0
Passive Income and Loss Nonpassive Income and Loss
(f) Passive loss allowed (g) Passive income (h) Nonpassive loss (i) Section 179 expense (j) Nonpassive income
(attach Form 8582 if required) from Schedule K-1 from Schedule K-1 deduction from Form 4562 from Schedule K-1
A 3 722.
B
o.
C
0
29a Totals ............. I
3 722.
b Totals ......... I
39 Combine columns (d) and (e) on IV. Enter the result here and include in the total an line 41 below 39
I Part V I Summary
40 Net farm rental income or (loss) from Form 4835. Also, complete line ~2 below. 40
41 Total income or (loss). Comb'ne I,nes 26, 32,37,39, and 40. Enter the result here and on Form 1040, line 17 or Form 1040NR I,ne 18 ~ 41 36 664.
42 Reconciliation of farming and fishing income. Enter your gross farming and fishing income
reported on Form 4835, line 7; Schedule K-1 (Form 1065), box 1~, code B; Schedule K-1
(Form 1120S), box 17, code T; and Schedule K-1 (Form 10~1), line 1~, code F(see page E-7) 42 I
43 Reconciliation for real estate professionals. If you were a real estate professional (see Dage E-1),
cnk,· 1118 net income or (loss) you reported anYNhere on Foun 1040 or Form 1040NR from all rental re.:11 estate
aclivltlc3 ir) ,"hlCh you materially participated unde~ the passive activity loss rules 43 i I
12
Prior Year Unallowed Disallowed Due to Prior Year Unallowed Disallowed Due to Prior Year Passive Disallowed Passive
K·1 Input Basis Loss Basis Limitation At-Risk Loss At·Risk
'-' ....... ..........
.................. " ~~ Loss Loss Tax Return
I SCHEDULE E PAGE 2
Ordinary business income (loss) .. 8 269
Rental real estate income (loss)
Other net rental income (loss)
Intangible drilling costs/dry hole costs
Self-charged passive interest expense
Guaranteed payments
Section 179 and carryover
Disallowed section 179 expense
Net income (loss) ........ 8 269 8 269
First passive other <4 547 <4 547 >
Second passive other ..............
Cost depletion
Percentage depletion ..
Depletion carryover .....
Disallowed due to 65% limitation
Unreimbursed expenses (nonpassive)
Nonpassive other ..... . ..........
Total Schedule E (oaae 2) ......... 3 722 3 722
I FORM 4797
Section 1231 gain (loss) . .. ...
Section 179 recapture on disposition
I SCHEDULE 0
Net short-term cap. gain (loss)
Net long·term cap. gain (loss) • • 0.
13
821551
12-12-08
INCOME FROM PASSTHROUGH STATEMENT, PAGE 2 2006
SCHEDULE E
Name JAMES R. PERRY SSN/EIN __• • • •L_
Passthrough J • R. PERRY CO 10 75-1642655 TAXPAYER
PARTNERSHIP
I
Prior Year Unallowed Disallowed Due to Prior Year Unallowed Disallowed Due to Prior Year Passive Disallowed Passive I
K·1 Input Basis Loss Basis Limitation At-Risk Loss At·Risk Loss Loss
IV' ·;~~E~~v;; ~~D DIVIDENDS
Tax Return
Ordinary dividends
Qualified dividends
Tax·exemot interest income.
I FORM 6251
Depreciation adjustment after 12/31/86 1---
Adjusted gain or loss ..... ,-. f.-
Beneficiary's AMT adjustment ......
[ MISCELLANEOUS
=1==
Backup withholding ... .. ........
14
521552
12-04-05
INCOME FROM PASSTHROUGH STATEMENT, PAGE 1 2006
SCHEDULE E
Name JAMES R PERRY SSN/EIN ~_!!!!!!!!!!_._
Passthrough REVOCABLE "BLIND" TRUST STATE AGREEMENT FBO RICK PERRY DT 10 74-6467584 TAXPAYER
ESTATE OR TRUST
F r Year Unallowed Disallowed Due to Prior Year Unallowed Disallowed Due to Prior Year Passive Disallowed Passive
K·1 Input Basis Loss Basis Limitation At-Risk Loss At·Risk
.l.' ....II.~J. ~ .... '-' ...... ~ ..... Loss Loss Tax Return
I SCHEDULE E PAGE 2
Ordinary business income (loss) .
Rental real estate income (loss)
Other net rental income (loss)
Intangible drilling costs/dry hole costs
Self·charged passive interest expense
Guaranteed payments
Section 179 and carryover ...............
r ITEMIZED DEDUCTIONS
Charitable contributions ...............
Deductions related to portfolio income 1 000 1 000
15
621551
12-12-06
INCOME FROM PASSTHROUGH STATEMENT, PAGE 2 2006
SCHEDULE E
Name JAMES R. PERRY SSN/EIN ---.J• • • •~_
Passthrough REVOCABLE "BLIND" TRUST STATE AGREEMENT FBO RICK PERRY DT ID 74-6467584 TAXPAYER
ESTATE OR TRUST ~-
Prior Year Unallowed Disallowed Due to Prior Year Unallowed Disallowed Due to Prior Year Passive Disallowed Passive
K-1 Input Basis Loss Basis Limitation At-Risk Loss At-Risk Loss Loss Tax Return
J."vJ.., .... ~" .......................
Credits
16
621552
12·04~OO
INCOME FROM PASSTHROUGH STATEMENT, PAGE 1 2006
SCHEDULE E
Name JAMES R. PERRY SSN/EIN ---tI• • • • _
Passthrough REVOCABLE "BLIND" TRUST AGREEMENT FBO ANITA PERRY ID 03-6092780 TAXPAYER
ESTATE OR TRUST
Prior Year Unallowed Disallowed Due to Prior Year Unallowed Disallowed Due to Prior Year Passive Disallowed Passive
K-1 Input
'-' ............... ~ ..... ~ ................ Basis Loss Basis Limitation At-Risk Loss At-Risk Loss Loss Tax Return
I SCHEDULE E PAGE 2
Ordinary business income (loss) .
Rental real estate income (loss)
Other net rental income (loss) .......
Intangible dri!ling costs/dry hole costs
Self-charged passive interest expense
Guaranteed payments
Section 179 and carryover
Disallowed section 179 expense
Net income (loss)
First passive other
Second passive other.
Cost depletion ..... ......
Percentage depletion
Depletion carryover.
Disallowed due to 65% limitation
Unreimbursed expenses (non passive)
Nonpassive other.
Total Schedule E (paqe 2) ....
I FORM 4797
Section 1231 gain (loss) .
Section 179 recapture on disposition
C SCHEDULE D
Net short-term cap. gain (loss) ........
17
821551
12-12-08
INCOME FROM PASSTHROUGH STATEMENT, PAGE 2 2006
SCHEDULE E
Name JAMES R"--a-.-'-P""E"'R"'R"'Y _ SSN/EIN ~• • • • •__
Passthrough REVOCABLE "BLIND" TRUST AGREEMENT FBO ANITA PERRY 10 03-6092780 TAXPAYER
ESTATE OR TRUST
Prior Year Unallowed Disallowed Due to Prior Year Unallowed Disallowed Due to Prior Year Passive Disallowed Passive
K-1 Input Basis Loss Basis Limitation At-Risk Loss At-Risk
'-' ..l.. .L.lJ.,:..l~ \ .L . . . u ........... " ....... Loss Loss Tax Return
I INTEREST AND DIVIDENDS
Interest income .. .........
Interest from U.S. bonds
Ordinary dividends 319 319
Qualified dividends .........
==
Tax-exempt interest income .............
FORM 6251
Depreciation adjustment after 12/31/86
Adjusted gain or loss -
Beneficiary's AMT adjustment -
Depletion (other than oil)
Other ............ ...... ........
~ MISCELLANEOUS
Self-employment earnings (loss)/Wages
Gross farming & fishing inc
Royalties .................
Royalty expenses/depletion
Undistributed capital gains credit f---
~-~
Backup withholding.
Credit tor estimated tax.
Cancellation of debt ......
Medical insurance· 1040
Dependent care benefits
Retirement plans ........... . . : : : I
Qualified production activities income ..... I
18
B21552
12-04-06
Schedule E PASSTHROUGH RECAP - BASIC INFORMATION 2006
JAMES R. & M. ANITA PERRY
I Schedule K-1 Line Reference: (1065/11205/1041 \ 1/1/6 2/2/7 3/3/8 * 5/4/1
T * " 6aJ5aJ2a 7/61" 8m3 9aJ8 aJ4 a 41"r
T YI
S P Entity Act.
Ordinary I Rental Real Other Rental Passive !A~T Passive
Interest
US Treasury TShort-T.,m Net Long~ Guaranteed
Income Estate Income Activity Activity Loss Bond Dividends Royalties Capi'al ierm Capital Payments
J E1 No. No. (Loss\
Name Inc. (Loss) (Loss) Loss CIO CIO Interest Gam (loss) Gain (Loss), to pa'tne~1
1 p 1 1 ~T R PERRY CO 8 269 3 505
",if, 2 I 3 I1EVOCABLE "BLIND" TRUST STATE A 12 935 -
"'W 3 4 !REVOCABLE "BLIND" TRUST AGREEME 319
-
Schedule K-1
Line Reference:
(106511 ~?OSi1041) 10/9/* * 11/101" 13/121" 12/11/" 13/121" 131121" 13112/* "I" 20/17/14 131"1" * 141"r 17/15/12 *1"/12 "1"/12
Ordinary I Charitable
Section 179
I I Deductions I
Investment, Investment SE Health Wages for AMT Dep, Minimurl
Entity Act. Section 1231 Gain (Loss) \ Other
tontributions
Related to
PortfoliO
Other Int. Expense lint. Expense Investment Insurance MOr~ Than 2% Net SE I\dj on Post Tax
ExclUSion
No. No. Gain (Loss) Farm 4797 Income
50% Expense I Income :2%) Deductions Schedule A\ t§.chedule E) Income Premium
Shareho'ders Earnings '86 Pronert Ad ustrnent
Items
I I
I
I ,
I
\
I I
Page 2,
Schedule K·1
R. & M. ANITA PERRY
Line Re1erence'
6b/5b/2b 11/10/* 13/*/* 13/12/14 13/12/* 15/13/* 15/13/13 15/13/13 15/13/*
-
15/13/*
•
(1065/1120S/1041) 20/17/13
Qualified CredIt for
Entity Act. Qualified Sec. 1256 Dependent Production Employer's Undistributed Empowerment
Increasing
New Markets Credit for SS Recapture of
No. No. Dividends Contracts & Care Benefits Activities W-2 Wages Capital Gains Zone Cred:t Research Credit & Medicare Investment
Straddles Income ActiVities Taxes Credit
, 8 269
1 .L
2 3 7 804
I
F=G
Totals I 7 804 8 269
Component of: I Form 1040, Form 6781, Lorm 2441 Form 8~ Form 8903, Form 1040, Form 8844, Form 6765, Form 8874, Form 8846, Form 8611,
! Line 9b Lme1 Line 12 Line 7 Line 13 Line 70 Line 3 Line 62 Line 2 Line 5 Line 8
-
~-
Schedule K-1
Line Reference:
* * * * * * * * * * * *
1---,
(1065/1120S/1041)
AMT AMT AMT AMT
Schedule E ST AMT LT AMT Sec. 1231 Sec. 4797-Ord. 47Q7-0rd. Other Other
Entity Act. Schedule E 1231
Basis Basis Basis Basis Basis LT Basis Basis BasIs Basis Basis Basis Basis
No. No. CarrYOVer Carryover Carryover Carryover Carryover Carryover Carryover Carryover CarryOVerS Carryovers
CarrYOver Carryover
---
f-------
~1
Totals
Basis Basis BasIs BasIs Basis Basis Basis Basis Basis Basis Basis BasIs
Component of: Limitation Limitation Limitation Limitation Limitation Limitation Limitation Limitation Limitation limitation Limitation Limitation
Worksheet Worksheet Worksheet Worksheet Worksheet Worksheet Worksheet Worksheet Wor'Ksheet Worksheet Worksheet
Worksheet
628076 02-12-J7 * - No specific Schedule K-1 line reference for these amounts. 18.2
JAME3 R. & M. ANITA PERR
DESCRIPTION AMOUNT
DESCRIPTION AMOUNT
41 STATEMENT(S) 16, 17
l4200411 786859 630 ?OO~.OSO?O PRRRY. ~AMRR R. 630 1
JAME3 R. & M. ANITA PERR
42 STATEMENT(S) 18
.4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
JAMES R. & M. ANITA PERR
43 STATEMENT(S) 19
14?00411 7RfiRr;q fi~O ?OOfi.or;o?o PRRRY. ~AMR~ R. fi~O 1
JAMEJ R. & M. ANITA PERR
FORM
OR PRIOR NET UNALLOWED ALLOWED
iNAME SCHEDULE GAIN/LOSS YEAR C/O GAIN/LOSS LOSS LOSS
J.R. PERRY CO. SCH E 3,722. 3,722.
JRIOR YEAR CARRYOVERS ALLOWED DUE TO CURRENT YEAR NET ACTIVITY INCOME
44 STATEMENT(S) 20, 21
4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
JAME3 R. & M. ANITA PERR
45 STATEMENT(S) 22
?nnh _ ni:;n?n PRRRV ,T1.>.MRC: R_ h':\n 1
JAMEG R. & M. ANITA PERR
AMOUNT AMOUNT
JESCRIPTION 50% LIMIT 30% LIMIT
3UBTOTALS
37 STATEMENT(S) 10
4?00411 7RhRSQ h~O ?OOh.O~O?O PRRRV. ~AMRS R. 630 1
JAMEJ R. & M. ANITA PERR
)ESCRIPTION AMOUNT
38 STATEMENT(S) 11, 12
.4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
JAMES R. & M. ANITA PERR
TEXAS
IF, FOR ALL OF 2006, YOU LIVED ONLY IN CONNECTICUT, THE
DISTRICT OF COLUMBIA, HAWAII, INDIANA, KENTUCKY, MAINE,
MARYLAND, MASSACHUSETTS, MICHIGAN, MISSISSIPPI, NEW JERSEY,
RHODE ISLAND, VIRGINIA, OR WEST VIRGINIA, SKIP LINES 2
THROUGH 5, ENTER -0- ON LINE 6, AND GO TO LINE 7.
OTHERWISE, GO TO LINE 2.
2 DID YOU LIVE IN ALASKA, ARIZONA, ARKANSAS
(TEXARKANA ONLY), CALIFORNIA (LOS ANGELES
COUNTY ONLY), COLORADO, GEORGIA, ILLINOIS,
LOUISIANA, NEW YORK STATE, OR NORTH
CAROLINA IN 2006?
IF NO, ENTER -0-.
IF YES, ENTER YOUR LOCAL GENERAL SALES
TAXES FROM THE APPLICABLE TABLE. O.
3 DID YOUR LOCALITY IMPOSE A LOCAL GENERAL
SALES TAX IN 2006? RESIDENTS OF
CALIFORNIA, NEVADA AND TEXARKANA,
ARKANSAS, SEE INSTRUCTIONS.
IF NO, SKIP LINES 3 THROUGH 5, ENTER
-0- ON LINE 6 AND GO TO LINE 7.
IF YES, ENTER YOUR LOCAL GENERAL SALES
TAX RATE, BUT OMIT PERCENTAGES. 2.0000
AUSTIN
1 DID YOU ENTER -0- ON LINE 2 ABOVE?
IF NO, SKIP LINES 4 AND 5 AND GO TO LINE 6.
IF YES, ENTER YOUR STATE GENERAL SALES
TAX RATE, BUT OMIT PERCENTAGES. 6.2500
DIVIDE LINE 3 BY LINE 4. ENTER THE RESULT AS
A DECIMAL (ROUNDED TO AT LEAST THREE PLACES). .3200
DID YOU ENTER -0- ON LINE 2 ABOVE?
IF NO, MULTIPLY LINE 2 BY LINE 3.
IF YES, MULTIPLY LINE 1 BY LINE 5. 728.
39 STATEMENT(S) 13
?nn~.n~n?n PRRRY. ~AMR~ R. 630 1
JAME2 R. & M. ANITA PERR
9. ENTER THE LOSS FROM SCHEDULE D, LINE 15, AS A POSITIVE AMOUNT. 13,193.
10. ENTER THE GAIN, IF ANY, FROM SCHEDULE D,
LINE 7 • • • . . • • • . • .
1l. SUBTRACT LINE 5 FROM LINE 4. IF ZERO OR LESS,
ENTER -0- . . . . . . . . .
12. ADD LINES 10 AND 11 . . . .
13. LONG-TERM CAPITAL LOSS CARRYOVER TO 2007.
SUBTRACT LINE 12 FROM LINE 9. IF ZERO OR LESS, ENTER -0 13,193.
40 STATEMENT(S) 14, 15
L4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
OMS No. 1545-1984
Identifying number
143
and losses not definitely related to DPGR. All others, see instructions .
4
7 Qualified
production
If you are a . Then enter the total qualified production activities income from h STATEMENT 22
activities a Shareholder Schedule K-1 (Form 1120S), box 12, code P _ _ _..
income
from pass·
through
entities:
b Partner
c Beneficiary
Schedule K-1 (Form 1065), box 13, code T
Schedule K-1 (Form 1065-B), box 9, code S2
Schedule K-1 (Form 1041), box 14, code C
..
} 7 8,269.
8 Qualified production activities income. Add lines 6 and 7. If zero or Jess, enter -0- here,
skip lines 9 through 15, and enter -0- on line 16 _. _.. _.... . . ...... ........ ...... 8 8 269.
9 Income limitation (see instructions):
• Individuals, estates, and trusts. Enter your adjusted gross income figured without the
• All others. Enter your taxable income figured without the domestic production
activities deduction (tax· exempt organizations, see instructions)
} 9 204,065.
10 Enter the smaller of line 8 or line 9. If zero or less, enter -0- here, skip lines 11 through 15,
and enter -0- on line 16 10 8,269.
13 Form W2 If you are a .. Then enter the total Form W2 wages from ..
wages a Shareholder Schedule K-1 (Form 1120S), box 12, code Q
from pass·
through
entities:
b Partner
c Beneficiary
Schedule
Schedule
Schedule
K-1
K-1
K·1
(Form
(Form
(Form
1065), box 13, code U
1065-B), box 9, code S3
1041), box 14, code D
} 13
17 Domestic production activities deduction from cooperatives. Enter deduction from Form
1099PATR, box 6 . 17
19 Domestic production activities deduction. Combine lines 16 through 18 and enter the result here and on
Form 1040, line 35; Form 1120, line 25; Form 1120-A, line 21; or the aoplicable line of your return 19 o.
610911
02-02-07
LHA For Paperwork Reduction Act Notice, see separate instructions. Form 8903 (2006)
25
4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
Form 8283 Noncash Charitable Contributions OMB. No. 1545-0908
(Rev December 2006) ~ Attach to your tax return if you claimed a total deduction
of over $500 for all contributed property. Attachment
Department of the Treasury
Internal Revenue Service ~ See separate instructions.
Sequence No. 155
Name(s) shown on your income tax return Identifying number
Note. Figure the amount of your contribution deduction before completing this form. See your tax return instructions.
Section A. Donated Property of $5,000 or Less and Certain Publicly Traded Securities - List in this section only items (or groups of similar Hems) for which you
claimed a deduction of $5,000 or less. Also, list certain publicly traded securities even if the deduction is more than $5,000 (see instructions).
I Part I I Information on Donated Property - If you need more space, attach a statement.
(a) Name and address of the (b) DeSCrIption of donated property
1 (for a donated vehicle, enter the year, make, model, conditIon, and mileage,
donee organization and attach Form 109B-C if required.)
GOODWILL
A
AUSTIN TX ("'LOTHING, HOUSEHOLD GOODS, ETC
MARCH OF DIMES
B
lAUSTIN, TX PICTURE
C
D
I
~Note. If the amount YOU claimed as a deduction for an item is $500 or less YOU do not have to com lete columns (dl. (e). and (f).
(c)Date of the ~d) Dale acquired (e)How acqUired (f) Donor's cost or (g) (~~ ~~ue~t;oa~~)
(h) Method used to determine the fair
con(nbutlon ,y'donor (mo. yr) by donor ad usted baSIS market value
[PartJI] Partial Interests and Restricted Use Property - Complete lines 2a through 2e If you gave less than an entire interest in a property listed in Part I. Complete
lines 3a through 3c if conditions were placed on a contribution listed in Part I; also attach the required statement (see instructions).
2 a Enter the letter from Part I that identifies the property for which you gave less than an entire interest ~
If Part II applies to more than one property, attach a separate statement.
Total amount claimed as a deduction for the property listed in Part I: (1) For this tax year ~ _
(2) For any prior tax years ~ _
Name and address of each organization to which any such contribution was made in a prior year (complete only if different from the
donee organization above):
Name of charitable organization (donee)
d For tangible property, enter the place where the property is located or kept ~ _
e Name of any person , other than the donee organization , having actual possession of the property ~
Yes No
3 a Is there a restriction, either temporary or permanent, on the donee's right to use or dispose of the donated property?
b Did you give to anyone (other than the donee organization or another organization partiCipating with
tile donee organization in cooperative fundraising) the right to the income from the donated property or
to the possession of the property, including the right to vote donated securities, to acquire the
property by purchase or otilerwise, or to designate the person having such income, possession, or right
to acqu ire? ..
26
.4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
Form 1116 u.s. and Foreign Source Income Summary
NAME
BusinesslProfession
RenVRoyalty
3,505. 3,505.
StatelLocal Refunds
Parlnership/S Corporation
8,269. 8,269.
TrusVEstate
29,988. 29,988.
Other Income
69,567. 69,537. 30.
Gross Income
228,521. 228,491. 30.
Less:
Capital Losses
Deductions:
BusinesslProfession Expenses
4,547. 4,547.
RenVRoyalty Expenses
551. 551.
TrustlEstate Losses
Capital Losses
3,000. 3,000.
Non-capital Losses
Moving Expenses
Keogh Contributions
11,772. 11,772.
Alimony
Forfeited Interest
Foreign Housing Deduction
Other Adlustments
Capital Gains Tax Adjustment
Total Deductions 24,456. 24,456.
627\;131
05-01-06
27
l4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
Form 1116
NAME
Total
Itemized
Itemized Deductions
After Sec. 68
Form 1116
---_. I
Deductions
Reduction Specifically Foreign Ratable
Specifically U.S.
Interest
SUbject to 2%
Forelgn Adjustment _
Totalltemized Deductions
Subject to Sec. 68 _ 15 918. 14 847.
Medical/De ntal
nvestment Interest
Casualty Losses
Gambling Losses _
~8'
Foreign Adjustment _
Totalltemized Deductions
627871
05-01-06
28
.4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
Form 1116 Foreign Tax Credit Carryover Statement (Page 1 of 2)
NAME
,-,-J~AM~E=S",----"R""--,"--------""&,----""M,,--"-.~AN,"-,-",--IT",,-,A,-,,------,,P,--,E,,-,,-R-,-,,-R-,-,,,Y~ •• _
or excess of limit ( - )
3.
7. Foreign tax carryback
8. Foreign tax carryforward
9. Less treaty adjustment
10. Foreign tax or excess limit remaining 3•
Total foreign taxes from all available years to be carried to next year 3•
or excess of limit ( - )
627915/08-09-06
29
L4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
Form 1116 Foreign Tax Credit Carryover Statement (Page 2 of 2)
NAME
or excess of limit ( - )
627915/08-09·06
30
_4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
JAMES R. & M. ANITA PERRY
Depletion
Percentage
Depletion Final
Reallocation
Ratio
Allowable Depl.
after the
Excess
Percentage
Depletion Iteration
§5% LirTiitation
Depl. Carryover
i
l~.R. PERRY CO. 551. .033684 551. 551. .033684 551.
EEVOCABLE "BLIND" TRUST
2lSTATE AGRE 15,807. . 9 6 631 61 1 5 , 807 . 15,807. .966316 15,807.
DESCRIPTION AMOUNT
GROSS
32 STATEMENT(S) 1, 2
.4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
JAME2 R. & M. ANITA PERR
•
FORM 1040 SEP DEDUCTION STATEMENT 3
M. ANITA PERRY
33 STATEMENT(S) 3
r OFFICE OF THE
GOVERNOR 103,320. 13,781. 5,840. 1,598.
r SPE CORPORATE
SERVICES, INC 389. 97. 24. 6.
34 STATEMENT(S) 4, 5
L4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
JAMES R. & M. ANITA PERR
ORDINARY QUALIFIED
NAME OF PAYER DIVIDENDS DIVIDENDS
35 STATEMENT(S) 6
L4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
JAMES R. & M. ANITA PERR
TAXPAYER SPOUSE
r
S DESCRIPTION AMOUNT
)ESCRIPTION AMOUNT
36 STATEMENT(S) 7, 8, 9
L4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
OMS No. 1545-0074
SCHEDULE SE
(Form 1040)
DepaJ1ment of the Treasury
Self-Employment Tax 2006
Internal Revenue Service (99) ~ Attach to Form 1040. ~ See Instructions for Schedule SE (Form 1040).
Name of person with self-employmf'nt income (as shown on Form 1040) Social security number of
person with self-employment
M. ANITA PERRY income ~
Who Must File Schedule SE
You must file Schedule SE if:
• You had net earnings from self·employment from other than church employee income (line 4 of Short Schedule SE or line 4c of Long Schedule SE)
of $400 or more, or
• You had church employee income of $108.28 or more. Income from services you performed as a minister or a member of a religious order
is not church employee income (see page SE·1).
Note. Even if you had a loss or a small amoun: of income from self·employment, it may be to your benefit to file Schedule SE and use either
"optional method" in Part II of Long Schedule SE (see page SE·3).
Exception. If your only self·employment income was from earnings as a minister, member of a religious order, or Christian Science practitioner and
you filed Form 4361 and received IRS approval not to be taxed on those earnings, do not file Schedule SE. Instead, write "Exempt-Form 4361" on
Form 1040, line 58.
Note. Use this flowchart only if you must file Schedule SE, if unsure, see Who Must file Schedule SE, above.
~
No
t ,,. Yes
Are you a minister, member of a religious order, or Christian Was the total of your wages and tips subJect to social security
Science practitioner who received IRS approval not to be taxed Yes
~
or railroad retirement tax plus your net earnings from self ~~
on earnings from these sources, but you owe self-employment employment more than $94,200?
tax on other earnings?
+ No
Are you using one of the optional methods to figure your net
~r No
earnings (see page SE-3)?
~
.... No Did you receive tips subject to social security or Medicare
No tax that you did not report to your employer?
of $1 08.28 or more?
~ No ~
I
You may use Short Schedule SE Below I ... You must use Long Schedule SE on page 2 I
Section A-Short Schedule SE. Caution. Read above to see if you can use Short Schedule SE.
1 Net farm profit or (loss) from Schedule F,/ine 36, and farm partnerships, Schedule K·1
(Form 1065), box 14, code A .......... .. ........... ... ................................. .. ..... ..... . .... 1
2 Net profit or (loss) from Schedule C, line 31; Schedule C·EZ, line 3; Schedule K-1 (Form 1065), box 14, code A
(other than farming); and Schedule K-1 (Form 1065-8), box 9, code J1. Ministers and members of religious
orders, see page SE·1 for amounts to report on this line. See page SE·3 for other income to report S'rM.'r J 6 2 63 333.
3 Combine lines 1 and 2 ................
3 63 333.
4 Net earnings from self-employment. Multiply line 3 by 92.35% (.9235). If less than $400, do not
file this schedule; you do not owe self-employment tax ................ ~ 4 58 488.
5 Self-employment tax. If the amount on line 4 is:
• Form
$94,200 or less, multiply line 4 by 15.3% (.153). Enter the result here and on
•
1040, line 58.
More than $94,200, multiply line 4 by 2.9% (.029). Then, add $11,680.80 to the result.
Enter the total here and on Form 1040, line 58.
}
.....................
5 8 949.
624501
10-24-06
19
14200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
Schedule SE (Form 1040) 2006 Attat:nment Sequence Nc. 17 Page 2
Name of person with self-employment income (as shown on Form 1040) Social security number of
person with self-employment
JAMES R. PERRY income ... ~
A If you are a minister, member of a religious order, or Christian Science practitioner and you filed Form 4361, but you had $400 or
eJr--
more of other net earnings from self-employment check here and continue with Part I __ .. . _..
1 Net farm profit or (loss) from Schedule F, line 36, and farm partnerships, Schedule K-1 (Form 1065),
box 14, code A. Note. Skip this line if you use the farm optional method (see page SEA) . .._ ... _..
2 Net profit or (loss) from Schedule C, line 31; Schedule C-EZ, line 3; Schedule K-1 (Form 1065), box 14, code A
(other than farming); and Schedule K-1 (Form 1065-8), box 9, code J1. Ministers and members of religious
orders, see page SE-1 for amounts to report on this line. See page SE-3 for other income to report_
Note. Skip this line if you use the nonfarm optional method (see page SEA) _.. S.EE .. S'J:'.~.::I'EI1EN'J:'_J.7 2 8 269.
3 Combine lines 1 and 2 .. . 3 8 269.
4 a If line 3 is more than zero, multiply line 3 by 92.35% (.9235). Otherwise, enter amount from line 3 ... 4a 7 636.
b If you elect one or both of the optional methods, enter the total of lines 15 and 17 here . 4b
c Combine lines 4a and 4b. If less than $400, stop; you do not owe self-employment tax. Exception.
If less than $400 and you had church employee income, enter -0- and continue s..a I _.... ~ f---'-'4c=--+ -'--7 ~-.h
5 a Enter your church employee income from Form W-2. See page SE-1 I
the 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2006 .
7 94,200.00
8 a Total social security wages and tips (total of boxes 3 and 7 on Form(s)
W-2) and railroad retirement (tier 1) compensation. If $94,200 or more, skip
lines 8b through 10, and go to line 11 . 8a 94.589.
b Unreported tips subject to social security tax (from Form 4137, line 9) 8b
9 Subtract line 8c from line 7. If zero or less, enter -0· here and on line 10 and go to line 11 .
9
10 Multiply the smaller of line 6 or line 9 by 12.4% (.124) . . . 10
11 Multiply line 6 by 2.9% (.029) . 11 221.
12 Self-employment tax. Add lines 10 and 11. Enter here and on Form 1040, line 58 . 12 221.
13 Deduction for one-half of self-employment tax. Multiply line 12 by
50% (.5). Enter the result here and on Form 1040, line 27 . 111.
I Part II I Optional Methods To Figure Net Earnings (see page SE-3)
Farm Optional Method. You may use this method only if (a) your gross farm income 1 was not more than $2,400, or
(b) your net farm profits 2 were less than $1,733.
14 Maximum income for optional methods ..... .......... ......... ................ ....... 14 1,600_00
15 Enter the smaller of: two-thirds (2/3) of gross farm income 1 (not less than zero) or $1,600. Also include
this amount on line 4b above 15
Nonfarm Optional Method. You may use this method only if (a) your net nonfarm profits 3 were less than $1,733 and
also less than 72.189% of your gross nonfarm income~ and (b) you had net earnings from self-employment of at
least $400 in 2 of the prior 3 years.
Caution. You may use this method no more than five times.
16 Subtract line 15 from line 14 ......... .................................. ................ ...... ............ ......... . ...... 16
17 Enter the smaller of: two-thirds (2/3) of gross nonfarm income 4 (not less than zero) or the amount on
line 16. Also include this amount on line 4b above ........................ ...... . . . . . . . . . . . .. ..... ... ....... ..... - ........ 17
1 From Seh. F, line 11, and Seh. K-1 (Form 1065), box 1~, code B. 3 From Seh. C, line 31; Sen. C-EZ, line 3; Seh. K-1 (Form 1065), box 1~, code A; and
2 From Seh. F, line 36, and Seh_ K-1 (Form 1065), box 1~, code A. Seh. K-1 (Form 1065-B), box 9, code J1.
4 From Seh. C, line 7; Seh_ C-EZ, line 1; Seh. K-1 (Forni 10G5), box 1~, code C; and
Seh. K-1 (Form 1065-G), box 9, code J2.
20
_4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
OMS No. 1545-0121
30. 1a 30.
b Check if line 1a is compensation for personal services as
an employee, your total compensation from all sources is
$250,000 or more, and you used an alternative basis to
determine its source (see instructions) ...... ~ CI
A VARIOUS 9. 9 .
B - -
C
8 Add lines A througll C, column (x). Enter the tot3111ere and all line 9, page 2 .........
8 9.
-
LHA For Paperwork Reduction Act Notice, see separate instructions. Form 1116 (2006)
611501
12-02-06
21
L4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
:. . :Fo:.:. :rm.:. :. . ;. 11:. .;.1.:. 6'-.:(2.:..00:..:6.!....)....::J~AM..:=..=;E~S--:.R~.'---..:&=--~M:..:..~fu~I/I=-T~A:........=P-=E=.=R~R:..;.v=-~ agce_
"""""_p--: 2
13 Subtract line 12 from line 11. This is the total amount of foreign taxes available for credit 13 9.
14 Enter the amount from line 7. This is your taxable income or (loss) from sources outside the
United States (before adjustments) for the category of income checked above Part I 14 29.
15 Adjustments to Ime 14 15
16 Combine the amounts on Imes 14 and 15. This is your net foreign source taxable income.
(If the result is zero or less, you have no foreign tax credit for the category of income
you checked above Part I. Skip lines 17 through 21. However, if you are filing more than
17 Individuals: Enter the amount from Form 1040, Ime 41 (minus any amount on Form 8914,
line 6). If you are a nonresident alien, enter the amount from Form 1040NR, line 38 (minus
any amount on Form 8914, Ime 6). Estates and trusts: Enter your taxable income without
the deduction for your exemption SEE STATEM:ENT 18 17 184 741.
Caution: If you figured your tax using the lower rates on qualified dividends or capital gains, see instructions.
18 Divide line 16 by line 17. If line 16 is more than line 17, enter "1" 1-1""'8"+- ----".'--'°"'--"'°__'°'-'1=5'--"--7
19 Individuals: Enter the amount from Form 1040, Ime 44. If you are a nonresident alien, enter the amount from
Form 1040NR, line 41.
Estates and trusts: Enter the amount from Form 1041, Schedule G, line 1a, or the total of Form 990-T,
Caution: If you are completing line 19 for separate category g (lump-sum distributions), see pg. 18 of the instructions.
20 Multiply line 19 by line 18 (maximum amount of credit) f-'20=--t- -"6--"-.
21 Enter the smaller of line 13 or line 20. If this is the only Form 1116 you are filing, skip lines 22 through 30 and enter this
amount on line 31. Otherwise, complete the appropriate line in Part IV ~ 21 6.
I Part IV I Summary of Credits From Separate Parts III
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14200411 786859 630 2006.05020 PERRY, J&~ES R. 630 1
OMS No 1545-0121
ALTERNATIVE MINIMUM TAX
Form 1116 Foreign Tax Credit
(Individual, Estate, or Trust)
2006
Department of the Treasury
Internal Revenue Service (99) ~ Attach to Form 1040, 1040NR, 1041, or 9oo-T.
30. 1a 30.
b Check if line 1a is compensation for personal services as
an employee, your total compensation from all sources IS
$250,000 or more, and you used an alternative basis to
determine its source (see instructions) ~D
Deductions and losses (Caution: See pages 13 and 14
of the instructions):
2 Expenses definitely related to the income on line 1a
(attach statement)
3 Pro rata share of other deductions not definitely related:
a Certain itemized deductions or standard deduction
b Other deductions (attach statement)
c Add lines 3a and 3b
d Gross foreign source Income 30.
e Gross income from all sources 228 521.
f Divide line 3d by line 3e .000131
g Multiply line 3c by line 3f
4 Pro rata share of interest expense:
a Home mortgage interest (use worksheet on page 13
of the instructions) .',
b Other interest expense
5 Losses from foreign sources
6 Add lines 2, 30, 4a, 4b, and 5 6
7 Subtract line 6 from line 1a. Enter the result here and on line 14 Daoe 2 " ~ 7 30.
I Part II I Foreign Taxes Paid or Accrued
Cred it is claimed Foreign taxes paid or accrued
for taxes
(you must In foreign currency In U.S. dollars
>. check one)
L.
(s) Other (w)Other (x) Total foreign
§ (m) [Xl Paid Taxes witrlheld at source on: foreign Taxes withheld at source on: foreign taxes paid or
8 JI!l D Accrued taxes paid or
accrued
taxes paid or
accrued
accrued (add cols.
(t) !tHough (w))
(0) £a~~g~~dd (p) Dividends (q) ~Oey~ITj~~d (r) Interest (t) DIvidends (u) ~oe~~111~d (V) Inlerest
A VARIOUS 9. 9.
B
I I
d i J_ J
8 Add lines A through C, column (XI. Enter the total here and on line g, p~ge 2 ~ B I 9. -
LHA For Paperwork Reduction Act Notice, see separate instructions. Fcnn 1116 (2005)
511501
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23
L4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
ALTERNATIVE MINIMUM TAX
13 Subtract line 12 from line 11. This IS the total amount of foreign taxes available for credit 13 9•
14 Enter the amount from line 7. This is your taxable income or (loss) from sources outside the
United States (before adjustments) for the category of income checked above Part I 14 30.
15 Adjustments to line 1~ .. 15
16 Combine the amounts on lines 1~ and 15. This is your net foreign source taxable income.
(If the result is zero or less, you have no foreign tax credit for the category of income
you checked above Part I. Skip lines 17 through 21. However, if you are filing more than
one Form 1116, you must complete line 19.) . . ...... 1161 30.
17 Individuals: Enter the amount from Form 10~O, line ~ 1 (minus any amount on Form 89H,
line 6). If you are a nonresident alien, enter the amount from Form 10~ONR, line 38 (minus
any amount on Form 891~, line 6). Estates and trusts: Enter your taxable income without
the deduction for your exemption ............. SEES':I'ATEMENT.l.9 17 195 556.
Caution: If you figured your tax using the lower rates on qualified dividends or capital gains, see instructions.
18 Divide line 16 by line 17.lf line 161s more than line 17, enter '1" .. 18 .000153
19 Individuals: Enter the amount from Form 10~O, line ~~. If you are a nonresident alien, enter the amount from
Form 10~ONR, line H
Estates and trusts: Enter the amount tram Form 10~ 1, Schedule G, line 1a, or fhe total of Form 990-T,
lines 36 and 37 19 37 863.
Caution: If you are completing line 19 for separate category g (lump-sum distributions), see pg. 18 of the instructions.
20 Multiply line 19 by line 18 (maximum amount of credit) 20 6.
21 Enter the smaller of line 13 or line 20. If this is the only Form 1116 you are filing, skip lines 22 through 30 and enter this
amount on line 31. Otherwise, complete the appropriate line In Part IV ~ 21 6.
IPartlVI Summary of Credits From Separate Parts III
611311
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24
_4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
Form 8582
OMS No. 1545-1008
2006
lntemai Revenue Service (99) ~ Attach to Form 1040 or Form 1041.
~~t~~~~~n~o. 88
Name(s) shown on return Identifying number
e
3a Activities with net income (enter the amount from Worksheet 3,
column (a)) ............ ........... 722.
b Activities with net loss (enter the amount from Worksheet 3,
column (b)) _ ....... . ....... 3b
c Prior years unallowed losses (enter the amount from Worksheet 3,
column (c)) ...........................................
d Combine lines 3a 3b and 3c ..
. .. W 3d 3 722.
4 Combine lines 1d, 2c, and 3d. If the result is net income or zero, all losses are allowed, including any prior year
~J
unallowed losses entered on line 1c, 2b, or 3c. Do not complete Form 8582. Report the losses on the forms and
schedules normally used .......... .......... ..........
3,722 •
If line 4 is a loss and: • Line 1d is a loss, go to Part II.
• Line 2c is a loss (and line 1d is zero or more), skip Part II and go to Part III.
• Line 3d is a loss (and lines 1d and 2c are zero or more), skip Parts II and III and go to line 15.
Caution: If your filing status is married filing separately and you lived with your spouse at any time during the year, do not complete
LEili!.!!J Special Allowance for Rental Real Estate Activities With Active Participation
Note: Enter a/l numbers in Part /I as positive amounts. See page 8 of the instructions for an example.
5 Enter the smaller of the loss on line 1d or the loss on line 4
... 5
6 Enter $150,000. If married filing separately, see the instructions 6
7 Enter modified adjusted gross income, but not less than zero (see the instr.) ...
7
9 Multiply line 8 by 50% (.5). Do not enter more than $25,000. If married filing separately, see the instructions .. 9
Part III Special Allowance for Commercial Revitalization Deductions From Rental Real Estate Activities
Note: Enter a/l numbers in Part /II as positive amounts. See the example for Part /I on page 8 of the instructions.
11 Enter $25,000 reduced by the amount, if any, on line 10. If married filing separately, see instructions 211
. .
12 Enter the loss from line 4 . . 12 _
13 Reduce line 12 by the amount on line 10 13 _
14 Enter the smallest of line 2c treated as a ositive amount line 11 or line 13. . 14
Part IV Total Losses Allowed -----
15 Add the income, if any, on lines 1a and 30. and enter the total. --------·------.-1-.1:Jt-
16 Total losses 8110wed from all passive <lctivities for 2C',{)6. ,4.dd lines 10,14, and 15. See the instructi(JIl~~ 1-"-6
II -.--
to find out how to report the losses on your tax return ... SEE .BTATEMEN'J-:"c...:2=..=1,--,,--, _
LHA 619761/10-17-06 For Paperwork Reduction Act Notice, see separate instructions. Form 8582 (2006)
24.1
14200411 786859 630 2006.05020 PERRY, JAMES R. 630 1
!..-'Fo~r!llm-"8~58~2~(2,,,,0~06=..L)~J~AM~E:=..S~~R~.~&==----~M,-!.----=fu..:=..!.~.±.I-=T~A"---,P"--E",,-,,-,R,-,,R",-,Y,,---- ' - ' Pane 2
Caution: The worksheets must be filed with your tax return. Keep a copy for your records.
Worksheet 1 - For Form 8582 , Lines 1a , 1band
, 1c (See instructions)
Total ~
Worksheet 5 - AllocatIOn of Unallowed Losses (See instructions)
Form or schedule
and line number
Name of activity (a) Loss (b) Ratio (c) Unallowed loss
to be reported on
(see instructions)
Total ~
- 'u -
619762 10-17-06 Form 8582 (2006)
24.2
_4200411 786859 630 2006.05020 PERRY, JAMES R. 630 1