Webtel Electrosoft Taxation Executive Interview Questions and Answers

There are multiple forms in income tax, each serving a different purpose.

• There are forms for individual taxpayers (e.g. Form 1040, Form 1040EZ)

• There are forms for businesses (e.g. Form 1120 for corporations, Form 1065 for partnerships)

• There are forms for specific types of income or deductions (e.g. Schedule A for itemized deductions)

• The number of forms can vary depending on the taxpayer's situation