Hexaware Technologies Tax Consultant Interview Questions and Answers

1099 forms are tax forms used to report income received from sources other than an employer.

• There are several types of 1099 forms, including 1099-MISC, 1099-INT, and 1099-DIV.

• 1099-MISC is used to report income earned as an independent contractor or freelancer.

• 1099-INT is used to report interest income earned from bank accounts or investments.

• 1099-DIV is used to report dividend income earned from investments.

• As a tax co...read more

Investment banking involves providing financial services to corporations and governments, while corporate actions refer to events that affect a company's stock price.

• Investment banking involves underwriting securities, providing financial advice, and facilitating mergers and acquisitions.

• Corporate actions include stock splits, dividends, and mergers and acquisitions.

• Investment bankers work with corporations and governm...read more

Tax is calculated based on gross distribution and cost basis. Gross distribution is the total amount received and cost basis is the original investment.

• Tax is calculated based on the difference between gross distribution and cost basis

• Gross distribution is the total amount received from an investment, including dividends and capital gains

• Cost basis is the original investment amount, including any fees or commissions

• Tax...read more