Assume your client is seeking advice about exclusions from income.

• Explain at least three income exclusions your client could exercise. Provide a clear example to support each exclusion identified.
• Obtain a Form 1040Links to an external site. income tax return.
  • Review the Form 1040 and determine where the exclusions identified are located in the form.
  • Identify the section that applies to the exclusion and explain why.