What are examples of one-time expenses that can be included on Line 2?
• severance payouts • lawsuit settlements • expenses funded by donations or fund raisers • overtime costs due to an event that is not an annual or recurring event A one-time expense may involve more than a single year. Only the portion of that expense actually incurred during the reporting year should be reported. Once an item is classified and reported as a one-time expense, it must be classified as a one-time expense in subsequent years.
