Unscramble the outline below. Then discuss with your classmates the cues you used to decide
what material went into the introduction, the main points, the supporting materials, and the
conclusion.
Specific Purpose: To inform my audience how to gather, report, and assess information on the 1040
tax form.
Group your expenses into appropriate categories.
Would your 1040 hold up during an audit?
The first step, collecting and classifying your tax data, is probably the most difficult.
The most important piece of information is the W-2 Wage Statement that your employer mails in
January.
You also need a 1040 form which you’ll find in the tax packet that the IRS mails out.
Information reported on the 1040 form must have back-up support, in case of future audit.
Report all income in the income section—even trivial amounts.
Many people dread it as the deadline for filing tax returns; however, everyone who receives a W–2
wage must file, and most people want to save money on the process.
Don’t skip any lines; this may cause miscalculation.
Today, I will show you how to fill out the 1040 form by collecting data, disclosing information, and
assessing the aftereffects of the process.
False information may lead to a fine, even imprisonment.
The second step is to disclose all relevant information on the 1040 form.
Fill in the sections reporting any accumulated interest.
I am majoring in finance, and I learned through my courses and my experiences that filing a return is
not as hard as others make it seem.
Be sure to sign your return; it is void with no signature.
Finally, determine the aftereffects of turning in a false or dishonest return.
Collect receipts of additional income and taxable expenses.
If you expect a refund, it may take up to twelve weeks to get a check in the mail.
In short, the 1040 is a standard form each American worker must file.
Were you completely truthful?
It is simple enough that you can fill it out yourself by collecting and classifying important material,
filling in every applicable section, and taking seriously the consequences of false returns.
April 15—what does that date mean to you?
April 15—don’t forget this date—it will never change; it’s a date the IRS looks forward to!
Adapted from an outline by Nila Sheth, St. John’s University