Best tax filer Us Taxation Associate Interview Questions and Answers

Moderate test with accounting logical thinking and excel related questions

Q1. Tell me about your self What do you know about us taxation
Ans. Various types of taxes, such as income tax, payroll tax, corporate tax, and excise tax. The Internal Revenue Service (IRS) is responsible for collecting taxes and enforcing tax laws. Individuals are typically required to file tax returns annually, reporting their income and claiming deductions and credits. The tax rates vary based on income level, filing status, and other factors. Additionally, there are state and loca...read more
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Q1. Golden Rules of Accounts? What is the special in your native? Payroll, Credit Sales Journal Entry? If you apply US Taxation, below the questions What is Standard deduction, Itemized deduction, What are th...read more
Ans. 
Golden Rules of Accounts are basic principles that guide the recording of financial transactions.
• The Golden Rules of Accounts include: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

• For example, when a company receives cash from a customer, the entry would be to debit the cash account (what comes in) and credit the accounts receivable ...read more
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Q1. General information about yourself
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Q2. About taxation in india
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Online test relating to taxation and general knowledge

Q1. More details about your knowledge in field of accounting and taxation
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Q2. Any general questions
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Q1. Tell me about yourself?
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Q2. What is depreciation
Ans. 
Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.
• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.

• It is calculated based on the useful life of the asset and the method of depreciation chosen.

• Examples of assets that can be depreciated include buildings, vehicles, and equipment.

• Depreciation can be used to reduce taxa...read more
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Easy numerical , logical and english question

Q1. Introduce yourself
Ans. 
I am a detail-oriented tax professional with experience in US taxation and a strong understanding of tax laws and regulations.
• Bachelor's degree in Accounting or Finance

• Experience in preparing tax returns for individuals and businesses

• Knowledge of tax software such as TurboTax or ProSeries

• Strong analytical and problem-solving skills

• Excellent communication and interpersonal skills
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Q2. What do you understand about us taxation and how you are comfortable in job?
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