Moss Adams Tax Consultant Interview Questions and Answers

Easy questions
Tax concepts

Q1. Qualifications Willing to relocate
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Q1. Tell me about your self
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Q1. What is Passive foreign Investment company
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Passive Foreign Investment Company (PFIC) is a foreign corporation where at least 75% of its gross income is passive or at least 50% of its assets produce passive income.
• PFIC status can have significant tax implications for U.S. taxpayers.

• Taxpayers must report PFIC investments on Form 8621.

• PFIC rules are complex and may require specialized tax advice.

• Examples of PFICs include certain foreign mutual funds and holding co
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Q2. What is Form 5471
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Form 5471 is a tax form used by certain U.S. persons who are shareholders in certain foreign corporations.
• Required to be filed by U.S. persons who are officers, directors, or shareholders in certain foreign corporations

• Provides information on the foreign corporation's financial activities and ownership structure

• Helps the IRS prevent tax evasion through controlled foreign corporations

• Different filing requirements based ...read more
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Q3. Questions on Form 1040
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Q1. Questions on form 1040
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Q2. Questions on what type of structure in tax would I select to work in BDO
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Q1. Questions on form 1040 & everything was covered
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Q2. Questions on Form 5471
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Q3. Questions on form 962
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Q1. Current designation details
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It was quite easy. You've to have good grip in basic Accounting & Costing concepts. Also there was some reasoning & basic English comprehension test as well.

Q1. They will try to know if your foundation in all the commerce subjects are good or not. May be they can ask few questions regarding MS Excel.
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Q2. Why do you want to join US Taxation?
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Q3. What is Vlookup & Hlookup.
Ans. 
Vlookup & Hlookup are Excel functions used to search for a value in a table and return a corresponding value.
• Vlookup searches for a value in the first column of a table and returns a value in the same row from a specified column.

• Hlookup searches for a value in the first row of a table and returns a value in the same column from a specified row.

• Both functions are commonly used in Excel for data analysis and manipulation...read more
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Q1. About taxation questions
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Q2. 5 heads of income
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The 5 heads of income are salary, house property, business or profession, capital gains, and other sources.
• Salary income includes income from employment, bonuses, commissions, etc.

• House property income includes rental income from properties owned by the taxpayer.

• Business or profession income includes income from running a business or providing professional services.

• Capital gains income includes profits from the sale of...read more
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Q1. Gst latest updates
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Q1. Background and salary expectations
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Everything
Logical reasoning, attention to details, problem solving

Q1. All the basis accounts, the principles, journal entry, basic terms, difference, classification etc
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Q1. About your family background, about your life, childhood, any challenge and on what yiu say in the interview
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Mixed Questions on Math & General English

Q1. Based on Current Taxation
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