Tax Associate Interview Questions

14,659 tax associate interview questions shared by candidates

Imagine you make a very complicated calculation in excel for a client who is going to make a decision. After you reviewed it a couple of times you notice you are going to save the client $10 million in taxes. You give it to your senior and your partner, who review your work. They agree on your calculation and tell the client about the tax savings and the meeting to finalize the transaction is tomorrow. It's 9 o'clock at night and you are finalizing the paperwork, and you suddenly realize you made a careless mistake on excel and instead of putting a minus, you put a plus, so the client is not going to save $10 million, but is going to owe $10 million. What do you do? How do you handle the situation?
avatar

Tax Accountant

Interviewed at EY

3.7
May 20, 2013

Imagine you make a very complicated calculation in excel for a client who is going to make a decision. After you reviewed it a couple of times you notice you are going to save the client $10 million in taxes. You give it to your senior and your partner, who review your work. They agree on your calculation and tell the client about the tax savings and the meeting to finalize the transaction is tomorrow. It's 9 o'clock at night and you are finalizing the paperwork, and you suddenly realize you made a careless mistake on excel and instead of putting a minus, you put a plus, so the client is not going to save $10 million, but is going to owe $10 million. What do you do? How do you handle the situation?

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?
avatar

Tax Expert

Interviewed at Intuit

4.2
Jan 6, 2020

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?

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