Tax consultant Interview Questions
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Tax Consultant interview questions shared by candidates
Imagine you make a very complicated calculation in excel for a client who is going to make a decision. After you reviewed it a couple of times you notice you are going to save the client $10 million in taxes. You give it to your senior and your partner, who review your work. They agree on your calculation and tell the client about the tax savings and the meeting to finalize the transaction is tomorrow. It's 9 o'clock at night and you are finalizing the paperwork, and you suddenly realize you made a careless mistake on excel and instead of putting a minus, you put a plus, so the client is not going to save $10 million, but is going to owe $10 million. What do you do? How do you handle the situation?
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Firstly, tell your partner and senior about it. After that, finalize the paperwork and bring it to your client's house. Talk to your client and just tell your client that you've made a mistake and tell your client the correct info Less
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Start looking for a new job as soon as possible.
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Answer: Everyone makes mistakes and you have to acknowledge it in a humble way. Tell the senior or the partner of the mistake as soon as possible, so they can help you minimize the damage. Less
Tell me a situation or time when you were able to save the company money by lowering a tax expense at your last job.
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My last company was paying a lot in gross receipts tax for the state of Washington. I did a lot of research and found a way to apportion sales differently and saved the company 500K in tax expense for one year. Less
Does life fascinate you
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If life fascinated me, why would I interview for a position at Ernst & Young? Less
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Sure, life fascinates me. Take this interview for example...isn't it fascinating the number of possible answers you might get to this question? There are an endless variety of ways that people might respond. Don't you find that fascinating? Less
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Ya, alot more than this stupid interview!!
questions were,depreciation? Is gold depreciated?tax on agriculture income,tax slabs,probability,and one sum was also given to solve
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What sort of questions do they ask in managerial round in ey ? Can anyone tell me? Less
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Oh..thanku..n i will do let you know
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Can someone share their contact number? I have got few doubts
Do you have any questions?
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Yes. Who killed Biggie & Tupac?
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Yes. How did Caitlyn Jenner get away with murder?
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Do bees laugh?
Erik took a $5,000 distribution from his ROTH IRA to pay for a vacation to celebrate his 40th birthday. Since he opened the account 10 years ago, he has contributed $28,500. Will he have to pay any taxes on this distribution?
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Erik can withdraw as much as his Roth IRA contribution without tax and penalty. but if he want to withdraw the earning, he will own the income tax and 10% early withdraw penalty. Less
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You can take out any amount as long as its not over the amount you contributed but if its growth you will need to pay taxes on that amount Less
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It depends on what the expenses were that the student paid and which credit the parent is trying to take this will determine who can claim the credit there are stipulations that must be met. in order to provide a definitive answer More details are needed Less
Are u trainable
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yes
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i can be trained
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i can be trainable and i have attended a number of training which has helped me to train other people to result out them for the better of the organization success. Less