Review the most recent IRS Form 1040 (U.S. Individual Income Tax Return) and Schedules from the Internal Revenue Service website. Identify where the following items are located on Form 1040.

• Choose one item from lines 1-18 that is different from another posting and discuss why is it significant to where the item is located on the form? You may also choose to discuss one of the frequently used Schedules - A, B, C, D, E, or 8812. Discuss with the class the purpose of the Schedule, recent changes, and who may use the schedule when filing taxes.
• Additionally, list one item of gross income that is excluded from income. Explain why it should be excluded? Your example must be original. If a student has already posted this example, you must come up with a different item.