Tax Interview Questions

Last Updated: Nov 10, 2023

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Tax Interview Questions For Freshers

What is the purpose of the Earned Income Tax Credit (EITC)?

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What is the purpose of filing a tax return?

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What is the deadline for filing individual income tax returns in the United States?

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What is the standard deduction for single taxpayers in the current tax year?

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What information is needed to complete a W-4 form?

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What is the purpose of an Employer Identification Number (EIN)?

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Explain the concept of tax liability.

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What is the penalty for filing a tax return late?

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What is a 1099 form used for?

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What is the Social Security tax rate for employees in the United States?

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What is the difference between a dependent and a qualifying child?

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Explain the concept of tax brackets.

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What is a tax exemption?

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What is the difference between a tax credit and a tax deduction?

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What is the difference between a Roth IRA and a Traditional IRA?

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What is a tax audit?

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What is the alternative minimum tax (AMT)?

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What expenses can be itemized on a tax return?

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How is self-employment income taxed?

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What is the purpose of estimated tax payments?

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What is a 401(k) plan?

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What is the foreign earned income exclusion?

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Tax Intermediate Interview Questions

What is a capital gain and how is it taxed?

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What is the difference between a C corporation and an S corporation?

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What is the purpose of a tax extension?

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What is the kiddie tax?

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Explain the concept of tax evasion.

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What is the purpose of a tax refund?

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What is the difference between a tax credit and a tax deduction?

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How is passive income taxed?

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Explain the concept of tax withholding.

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What is the gift tax and how does it work?

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Tax Interview Questions For Experienced

Explain the concept of transfer pricing.

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What is the difference between a tax credit and a tax deduction?

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What is the difference between tax avoidance and tax evasion?

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Explain the concept of tax inversion.

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What is the net investment income tax (NIIT)?

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What are qualified dividends and how are they taxed?

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What is a tax haven?

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What is the difference between a tax treaty and a tax agreement?

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What is the definition of tax fraud?

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What is the purpose of the Foreign Account Tax Compliance Act (FATCA)?

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What is the difference between tax planning and tax compliance?

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Explain the concept of a controlled foreign corporation (CFC).

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What is the purpose of the Base Erosion and Profit Shifting (BEPS) project?

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What is a tax haven blacklisting?

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Explain the concept of a tax shelter.

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What is the definition of tax transparency?

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What is the purpose of the General Anti-Avoidance Rule (GAAR)?

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Explain the concept of double taxation.

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What is the difference between a tax credit and a tax deduction?

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What is the difference between tax avoidance and tax evasion?

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