tax expert interview questions shared by candidates
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?
Shawn paid the following expenses for his first year in college. He will be claimed as a dependent on his parent’s return. How much of his expenses are eligible for calculating the education credit on their tax return?
Yes, he will have to pay taxes and penalties because the reasons he took the fund and the amount he took would not qualify him for tax free or penalty free withdrawals
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
I was not prepared to be asked to work nights and weekends. They were only looking to fill shift work. It makes perfect sense that individuals prepare their taxes when they aren't working so call volumes would be highest during nights and weekends, but ads did not provide any indication that they were looking for night and weekend help.
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