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Read the case on which your Portfolio Project is based and determine all items that will be excluded from gross income. In a MS Excel spreadsheet, list all excluded items in column A. In column B, explain why the item is excluded. You may reference the specific tax law, the text (make sure you include the page number), or a link to another trusted source. A trusted source is either supported by the IRS or academic literature (that includes textbooks) under which tax law for the year 2017 is applicable. Review the Portfolio Project Milestone Rubric in the Module 3 Materials folder to understand how you will be graded on the project. You must address instructor feedback when submitting your complete Portfolio Project during week 8.This assignment should be delivered using the MS Excel spreadsheet that lists the excluded items and the supporting information on which your decision is based.
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